The Complete Magazine for Indian Investors
October 2010, ` 25
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India Decoupled
Volume XI-Issue(10)
? Inside Stories 9 Market Commentary 12 Cover Story 42 Mutual Fund 48 Insurance
With Stock Market Monitor
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Contents
CONTENTS | OCTOBER 2010 Head Office : 47 MM Road, Rani Jhansi Marg, Jhandewalan, New Delhi -110055, Tel : 011-23636363/62,Fax : 011-23636746 Ahmedabad Office : 401 , Abhijit-1 , Opp. Bhuj Mercantile Bank, Mithakhali 6 Road, Navrangpura, Ahmedabad : 380009, Tel : 079-26467260, 079-26404241, 09327037108 Bangalore Office : S-111, Manipal Centre, 47 Deckinson Road, Bangalore-560042, Tel:080-09343795727,9448267617,080-25581513 09341940796,0943795727, 30945047 Chennai Office : 3rd Floor, Precision Plaza, New # 397, Teynampet, Anna Salai, Chennai - 600 018, Tel : 044 - 42077370, 42077371, 09382330263, 09382330261 Chandigarh Office : SCO 222-223, Ground Floor, Sector 34-A, Opp. State Library, Chandigarh, Tel :0172-2624896, 2624796, 4620067, 3240150, 9316135518 Dehradun Office : 56 first floor, Rajpur Road, Opp. Madhuban Dehradun, Uttranchal- 248001, Tel : 0135-3258181, 09368141585, 09837069717 Jaipur Office : 7, Katewa Bhawan, Opp. Ganpati Plaza , M.I. Road, Jaipur -302001, Tel : 0141-3235456, 5113317, 9314639805 Kolkata Office : 704, Krishna Building, 224 AJC Bose Road, Kolkata-700017, Tel : 033-22802963, 30974687, 09339730866, 9339234900, Fax : 22802964 Lucknow Office : G-32, Shriram Tower, 13-A, Ashok Marg, Lucknow-226001, Tel : 0522-2286518, 2286110, 9335914247, 93505520417 Fax : 2286110 Mumbai Office : 133A, Mittal Towers, A Wing, 13th Floor, Nariman Point, Mumbai 400021, Tel : 9324804084, 9324804086 Vadodara Office : 222, Siddharth Complex, 2nd floor, RC Dutt Road, Alkapuri, Vadodara - 390007, Tel : 09327037108, 9377355576 Delhi Associate division : Connaught Place : N-24, Connaught Place, New Delhi-110001, Tel :011 41523306, 41523229, 9350316008 Faridabad Office : 55, 1st Floor, Near Flyover, Neelam Chowk, NIT , Faridabad -121001, Tel : 95129-2427367, 2427361, 9350316009 Ghaziabad Office : 114, Satyam Complex, Raj Nagar D C, Raj Nagar, Ghaziabad 201002, Tel : 9312940453, 9312056336 Janakpuri Office : 111, Jyotishikar, 8 Distt. Centre, Janakpuri, New Delhi-110018, Tel :011-25617654, 09310684750 Noida Office : P-5, UGF, Ocean Plaza, Sector-18, Noida-201301, Tel : 95120-4336992, 2513989, 9312940493 Pitampura Office : Shop No. 24, FD Market, Nr. Madhuban Chowk, Pitampura, Delhi-110034,Tel : 011-273114419, 9312940490 Preet Vihar Office :106 Pankaj Chambers, Preet Vihar Community Centre, Delhi-110092, Tel : 42421238-39, 9312940456 Rajendra Place :118, Gagandeep Building , Rajendra Place, New Delhi-110008, Tel : 011-41538956, 41537856, 9350316011 ITO Office :105, Pratap Bhawan, Bahdur Shah Zafar Marg, New Delhi-110001, Tel : 011-41509018, 42512404 Vasant Kunj Office :105, Anchal Plaza, Nelson Mandela Road, Vasant Kunj, New Delhi-110070, Tel : 26891262, 26134767, 9312940454 V.P. Research Gurmeet katar gurmeet@rrfcl.com Research Team Pradhan pradhan@rrfcl.com Satyendra satyendratiwari@rrfcl.com Ravi Kumar Mittal ravimittal@rrfcl.com Shishir Sharma shishir@rrfcl.com Arun Rana arunrana@rrfcl.com Ginni Kaur ginnikaur@rrfcl.com Designed by Prasant Nath prasant@rrfcl.com Sudha Kushwaha sudha@rrfcl.com Media Marketing Exec.Aseem Srivastava aseem@rrfcl.com Published by Raghunandan Prasad on behalf of RR Information & Investment Research (P) Ltd.,412-422, Indraprakash Building,21, Barakhamba Road, New Delhi-110001 Printed at : Ratna Offset, C-101, D.D.A Complex,Okhla Indl. Area, Phase-I, New Delhi 110 020.Tel : 41811683, 26816047 This publication is for informational purposes only and contains information, opinion, material obtained from reliable sources and efforts have been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments and the publisher shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. The reproduction of the contents of this magazine in any form or by any means without prior written permission of the publisher is prohibited.All advertisements appearing in this publication are at the sole risk & responsibility of the advertiser.All disputes shall be subject to the exclusive jurisdiction of Delhi courts only.
Volume: XI Issue :(10) October , 2010 Editor: Rajat Prasad Deputy Editor: Gurmeet Katar
Investment Monitor INSIDE STORIES Editor’s Desk...................................................3 News Bytes......................................................4 Review & Analysis........................................6 Global Outlook.............................................10 Indian Economy............................................11 Industry Analysis.........................................18 Stock Market Monitor.................................20 Equity Stock Ideas.......................................32 Equity Technical Analysis.........................34 Commodity Fundamentals........................36 Commodity Technicals...............................38 Currency Fundamentals............................40 Currency Technicals...................................41 Retail Debt...................................................46 Astro Market ...............................................54 Query Time .................................................55 Mail Box........................................................56
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Editor Desk
EDITORIAL Indian bourses are inching up towards its all time high made in Feb. 2008, making the most expensive markets in the world. Indian market has witnessed a de-coupling from global markets on the expectations that Indian economy will outpace the other economies. After rebounding strongly in the second half of 2009, India’s economic growth has continued along its robust path so far in 2010 and is likely to lift further in 2011 provided risks around high inflation and the currently fragile global recovery can be managed. Even going forward, we also expect that, Indian economy will grow faster in 2011-12 than in the current fiscal on the back of robust consumer demand and private in vestment, even as China and most other Asian economies will slow down. However, the impact of the phasing out of economic stimulus policies and a deceleration in the expansion of world trade will act to somewhat moderate growth in the other economies. The risk of deflation in the United States cannot be written off in an environment of slowing growth, and the Federal Reserve must decide in coming weeks whether to do more to support the economy. We are not expecting outright deflation to develop, but the slowing of the economy in the middle of this year, combined with a very low measured rate of inflation, suggests that the risk of deflation cannot be dismissed in the US. Back home, inflation remains a concern, and it is expected to recede in coming months. RBI is likely to continue gradually raising interest rates and to keep a tight leash on liquidity to tame inflation. Meanwhile, higher-than-expected revenues from 3G spectrum sales and the positive kick to tax revenue from sustained economic recovery will keep the fiscal deficit within the budgeted 5.5% of GDP in the current fiscal year. There has also been a fast rise in India’s status as an attractive destination for foreign investment, which saw it join the list of top-10 FDI destinations in 2009. In the first four months of 2010, our country received FDI inflows worth US$7.1 billion compared with US$8.5 billion during the same period last year. We expect that a slow economic recovery in other parts of the world will make India a more attractive destination for inbound investment this year. As the market is at its near term high and the next immediate trigger for the market is the corporate result announcement in October. Stock specific selection can be done in the coming month. To save tax liability, one may opt for infrastructure bonds issued by IDFC, proving an additional benefit of tax saving under section 80CCF. Happy investing!!!
Rajat Prasad
Investment Monitor Oct, 2010
3
News Bytes
Corporate
strengthen its capacity from 400,000 TPA to 490,000 TPA, besides reducing lead time for existing customers in the western region.
The government provided enhanced financial autonomy to two public sector units -- Bridge and Roof Company and Bharat Pumps and Compressors -- by granting them the ‘mini-ratna’ status. With mini-ratna status to Bridge and Roof (B&R) and Bharat Pumps and Compressors (BPCL), the number of such companies under the administrative Ministry of Heavy Industries and Public Enterprises has increased to seven. Kolkata headquartered B&R has been given mini-ratna category-I status while Allahabad based BPCL has been placed under category - II, Minister of Heavy Industries and Public Enterprises Vilasrao Deshmukh told reporters here.
RIL, ONGC set to get more time for KG basin fields
L&T forms JV for T&D in S Africa
Maruti Suzuki to invest Rs 1,925 cr on third plant
B&R, BPCL become mini-ratna firms
Larsen & Toubro (L&T) signed an agreement with South Africabased Befula Investments for a joint venture to develop power transmission and distribution (T&D) projects in South Africa. L&T will have a 72.5 per cent stake in the venture. L&T’s agreement will help the company exploit the business potential for T&D projects in Africa. The company claims the South African government is likely to invest $10-12 billion in the next five years in augmenting T&D network in the next five years. The country has a current peak demand shortage of 3,000 Mw and this is expected to grow by six per cent every year.
ADAG gets govt nod for 26% stake in ICEX
The government is understood to have cleared Anil Ambani group’s proposed acquisition of 26 per cent stake in Indian Commodity Exchange (ICEX) from one of the promoters, Indiabulls group. The Consumer Affairs Ministry has given permission to Indiabulls group to sell its 26 per cent stake in ICEX to ADAG group. The ministry will soon communicate its decision to commodity market regulator Forward Markets Commission (FMC).
IDFC to tap foreign route for raising Rs 3,000 cr
Infrastructure lender IDFC, which is raising Rs 3,400 crore via public issue of infrastructure bonds, may also tap the overseas market for raising a further Rs 3,000 crore, a top company official said. IDFC is coming out with the country’s first ever public issue of infrastructure bonds through which the lender expects to mop up Rs 3,400 crore. The issue would open on September 30 and closes on October 18.
Apollo to acquire Lloyds Line Pipes for Rs 40 cr
Steel pipes, tubes and hollow sections manufacturing major APL Apollo Tubes today said it would acquire Lloyds Line Pipes Ltd at an estimated price of Rs 40 crore. “The deal would be partly-funded and also by issuing equity shares on preferential basis. The promoters of Lloyds Line Pipes will be alloted 1,136,364 fully paid-up equity shares of APL Apollo Tubes at Rs 176 each and balance of Rs 20 crore will be paid in cash”. With this acquisition, APL Apollo would
4
Reliance Industries (RIL) and ONGC are likely to get getting additional time for completing their oil and gas exploration programme in their KG basin fields. Both the companies have three blocks each in the KG basin field where they would need more time to complete exploration activities. RIL is slated to receive extension till December 2010 for two of its blocks while for the third it will get an extension up to 2013. ONGC, on the other hand, will get the deadline for exploration extended to December 2010, May 2011 and September 2011 for its blocks respectively. o capitalise on the rapid growth of the Indian auto industry, Maruti Suzuki India Ltd (MSIL) announced on Tuesday an investment of ¥35 billion, or Rs 1,925 crore for setting up its third plant at Manesar. This new production line – Maruti’s sixth overall would have 2.5 lakh units annual capacity. With the new plant, the car market leader hopes to increase its total capacity 46 per cent to 17.5 lakh units a year. Facing a major capacity constraint and huge demand for its products, MSIL currently manufactures 12 lakh units a year. However, the installed combined annual capacity across the existing Gurgaon and Manesar facilities is around 10 lakh units.
Industry
Global Vehicles to place $35 mn order with M&M despite tiff
Global Vehicles USA Inc, the Alpharetta , Georgia-based auto dealer, said it will place a $35 million-plus order for pick-ups from Mahindra & Mahindra Ltd., the Indian automaker it’s in a dispute with. The order, to be made Friday, will comprise an unspecified number of TR20 and TR40 pickups, Global Vehicles said in an e- mailed statement. The company and about 350 dealers in 49 states have invested almost $100 million to sell the vehicles.
Dabur to take franchise route to expand retail venture
Consumer goods firm, Dabur India Ltd will start adopting the franchise route for its retail stores ‘Newu’ and explore smaller format stores in order to expedite expansion. The company’s subsidiary, H&B Stores Ltd that currently operates 22 ‘Newu’ stores primarily in North India, is also looking to open up to 150 new stores in 201112 and enter in the western region.
RBI puts off banking outlet target in every village by a year
The Reserve Bank has postponed by a year its plan to open banking facilities in all villages with a population of over 2,000 till March 2012, thus bringing its policy in line with the government’s budget announcement. Finance Minister Pranab Mukherjee had, during his budget speech this year, announced plans to provide banking facilities to such habitations by the end of March 2012.
Investment Monitor Oct, 2010
News Bytes IOC unveils plan to double petrochem revenues to Rs.15,000 cr
August trade deficit widens to 23-month high
Govt mulling policy on M&As by MNCs in pharma sector
Govt to raise grain storage capacity 25 pc to curb rotting
Betting on the business that made its private sector rival Reliance Industries a behemoth, state-owned Indian Oil Corp (IOC) unveiled the blueprint for doubling revenues from the petrochemicals business to Rs 15,000 crore during the next fiscal.
The Commerce Ministry is mulling to formulate a policy on mergers and acquisitions by multinationals in the pharma sector. He pointed out that the ministry has been looking at the entire M&A episode from the Indian perspective. The ministry, through Pharmaxcil (Pharmaceutical Export Promotion Council) and global consultancy major Ernst & Young, has commissioned a study focusing on the five to six major M&A deals in the sector and evaluating their implications on the Indian market.
Cement exports dip 29 pc at 2.27 mn tn in 2009-10
dia’s cement export declined by 29 per cent to 2.27 million tonnes in 2009-10 fiscal, Rajya Sabha was informed today. The country had exported 3.2 million tonnes of cement in the previous fiscal, Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply. Cement production increased 11 per cent at 201 million tonnes in 2009-10 fiscal against 181.61 million tonnes in the previous financial year.
Economy
India-EU drug row heading towards long drawn battle in WTO
Row over seizure of Indian generic drugs by several European countries on the high sea appears to be heading towards a long drawn battle in the WTO as the two sides could not resolve the issue by consultations. India and the 27-nation European Union bloc have already held two rounds of consultations in Geneva at the behest of the World Trade Organisation. The latest round of consultations was held on September 13-14.
FIIs’ investment cap in Govt, corporate bonds hiked
Foreign institutional investors (FII) can now invest more in the debt securities with the Government on Thursday raising their investment limit in Government securities and corporate bonds by $5 billion each. Effectively, the FII investment limit on G-secs has been raised to $10 billion from $5 billion and that on corporate bonds stands raised to $20 billion from the earlier level of $15 billion. The upward revision in the investment cap in G-secs and corporate bonds comes at a time when FIIs have been betting big on both Indian debt as well as the equity markets. The Government had last raised the FII investment limit in G-secs in June 2008 to $5 billion from $3.2 billion. To enable higher FII investment flows into the corporate debt market, the Government had in January 2009, at the peak of the financial crisis, raised the FII investment cap in corporate bonds to $15 billion from a level of $6 billion.
Food inflation jumps to 15.1% on supply constraints
Food inflation rose for the third week running as floods disrupted supplies, but most economists see food prices easing soon. Inflation in food articles in the new series with 2004-05 base was 15.1% for the week ended September 4, compared with 14.6% in the week before, data released on Thursday showed. The central bank chose to lift rates in its policy review on Thursday saying inflation is still a big concern.
India’s August trade deficit widened to a 23-month high and the trade secretary raised his projection for the full-year figure, but said the bulging deficit was not yet a problem and could be financed. Rahul Khullar said the trade deficit could touch $135 billion for the year to end-March 2011, higher than his August forecast for $120 billion. Stung by the Supreme Court’s rap on rotting grain in the warehouses of state-run agencies, with some estimates pegging the losses at Rs 58,000 crore (nearly $13 billion), the government has decided to increase the storage capacity by 17 million tonnes over the next five years.
SEZ developers may accelerate to meet DTC deadline
The deadline of March, 2014, under the proposed Direct Taxes Code (DTC) for making new special economic zone units operational if they are to get tax benefits is likely to speed up development of these SEZs by entrepreneurs. The DTC Bill, which was tabled in Parliament in August, proposed that units in SEZs that commence commercial operations by March, 2014, shall be allowed profitlinked deductions permitted under the Income Tax Act, 1961.
India to ink pact with UK, China to build highways
India will enter into a pact with China in the area of highways development and once the agreement is reached, Chinese investment will treble in the road sector.. Also a pact with the UK will be signed next week for greater cooperation in areas of highway development, consultancy and road safety among others.
RBI tells states to stop new biz to pvt banks
The Reserve Bank of India, or RBI, has asked several state governments not to give new businesses, which could generate thousands of crores of income, to private sector banks. At least four state governments have received letters from the banking regulator in the past few months with the specific instruction. The central bank has not spelt out the reason for its decision, but private banks think it is driven by their comparatively lower lending in governmentsponsored programmes — schemes that carry a slice of subsidy and are aimed at job creation and poverty reduction.
World Bank weighs investing in $11-bn India fund
THE World Bank is exploring whether to invest in an $11-billion debt fund the Indian government will roll out by next year as part of a massive push to its infrastructure sector, the bank’s India head said. Roberto Zagha said India was making progress in tackling procedural hassles that have held back faster infrastructure growth but a major roadblock to more private investment was a shortage of bankable projects. The World Bank was likely to lend around $15-20 billion to India’s infrastructure sector in the next five years. Typically, the bank’s lending to the sector ranges between 40% and 60% of the total annual lending.
Karur chief picks holes in bigger is better theory
If the last credit crisis blew up a myth, it was that banks have to be bigger to survive and the small ones have to amalgamate with the giants for survival, says the chief executive of Karur Vysya Bank, which outperformed the bank index this year. Small banks are a lot more accessible to customers and nimble and their risk-monitoring mechanism is better than the large ones, where size dilutes the focus needed to keep it under check.
Investment Monitor Oct, 2010
5
Review & Analysis
Re Rev viie ew w & & Company Name
CMP (27/08/10)
RECENTLY ANNOUNCED SPLITS
WORST PERFORMERS IN THE MONTH
BEST PERFORMERS IN THE MONTH CMP (27/09/10)
(%) Change
Company Name
A' GROUP
CMP (27/08/10)
CMP (27/09/10)
(%) Change
769
167.55
-78.21
1,829.65
430.5
-76.47
A' GROUP
Company Name
Annc. Date
Old Face Value
New Face Value
Ranklin Sol.
8/30/2010
10
5
MVL
9/13/2010
2
1
Atlanta
8/28/2010
10
2
Prime Focus
8/28/2010
10
1
Shree Renuka Sugars
64.85
86
32.61
Mundra Port & Specia
Tata Steel
510.15
644.15
26.27
Bhushan Steel Ltd.
IDBI Bank Ltd.
121.65
152.45
25.32
Dabur India
205.95
103.8
-49.6
ABB Ltd
760.15
923.2
21.45
Bajaj Auto Ltd.
2779.7
1449.9
-47.84
Voltas Ltd.
202.8
246
21.30
Apollo Hospitals
804.25
433.6
-46.09
Dil Vikas Financ
9/21/2010
10
5
India Infoline
94.7
114.65
21.07
Kotak Mahindra Bank
838.55
482.3
-42.48
Global Capital
9/15/2010
10
1
Ambuja Cements Ltd.
120.05
145.1
20.87
Financial Technolog.
1,376.25
1,227.30
-10.82
JVL Agro Indus
9/6/2010
10
1
Maruti Suzuki India
1217.95
1469.4
20.65
Koutons Retail India
306.75
276.05
-10.01
18.7
22.45
20.05
Riverdale Foods
9/6/2010
10
5
Tata Communications
336.65
319.75
-5.02
307.60
368.2
19.70
IRB Infrastructure D
284.00
269.90
-4.96
9/24/2010
5
1
Responsive Ind
9/14/2010
10
1
73.7
2.25
-96.95
HFCL
9/22/2010
10
1
Acil Cott. Inds.
8/31/2010
5
1
Aegis Logistics
9/1/2010
10
2
Ispat Industries DLF Ltd.
B1' GROUP
B1' GROUP
Systematix Corpo
27.3
84.55
209.71
Resurgere Mines & Mi
Maruti Infrastru
10.19
23.37
129.34
KCP Ltd.
314.45
32.9
-89.54
202.25
404.35
99.93
Nissan Copper Ltd.
38.95
4.15
-89.35
Frontier Springs
39.15
77.7
98.47
South Indian Ban
198.65
24.1
-87.87
Aditya Ispat
8.40
16.5
96.43
Aarya Global Shares
134.75
18.8
-86.05
93.7
Mahalaxmi Rubtec
164.4
23.3
-85.83
Midfield Industries
P M Telelinks Ltd.
11.9
23.05
Shristi Infrastructu
300.00
555.00
85
Indian Hume Pipe
856.65
163.40
-80.93
MYM Technologies Ltd
7.55
13.85
83.44
Kalpataru Power
981.60
187.15
-80.93
Shyam Star Gems
16.8
30.6
82.14
Dhanuka Agritech Ltd
451.15
170.00
306.95
80.56
Britannia Ind.
Garnet International
2,011.90
S' GROUP Toyama Electric
31
SQL Star Inter
11.44
BCL Industries & Inf
34.55
Danlaw Techno. Force Motors Sterling Internation
135.75
Annc. Date
BC/RD Date
Ratio
TVS Motor Co.
9/3/2010
9/9/2010
1:01
Bajaj Auto
9/3/2010
9/10/2010
1:01
Karur Vysya Bank
9/8/2010
9/18/2010
2:05
438.00
-78.23
Tilaknagar Inds.
9/21/2010
9/30/2010
2:01
-60.19
B.L.Kashyap
9/21/2010
10/1/2010
1:01
Tilak Nagar Ind
216.05
86.00
20.48
79.02
Southern Ispat & Ene
15.33
10.47
-31.7
Tirupati Sarjan
9/17/2010
9/29/2010
1:01
55.05
59.33
Citurgia Biochem
180.5
147.5
-18.28
9/8/2010
9/15/2010
1:02
11.14
17.25
54.85
Parenteral Drugs
272.9
224
-17.92
Gillanders Arbut
492.4
750
52.32
Shree Pacetronix
41.45
34.25
-17.37
Kabra Extrusion
8/31/2010
9/7/2010
1:01
206.5
52.12
Fenoplast LImite
48.6
41.35
-14.92
Tulive Developer
9/20/2010
10/8/2010
4:01
123.10
105.00
-14.7
Baba Arts
9/24/2010
10/1/2010
1:01
0.89
0.77
-13.48
Arihant Capital
9/16/2010
9/24/2010
3:05
S I Paper Mills
9/2/2010
NA
1:01
Dabur India
9/3/2010
9/10/2010
1:01
Parenteral Drugs
9/8/2010
Na
1:03
Birla Cotsyn
9/21/2010
10/1/2010
1:05
Tirupati Sarjan
08/06/10
35.10
50.6
44.16
Modern India
Diamines & Chem.
61.45
87.35
42.15
Globus Corporation
2.12
2.99
41.04
Indian Toners
58.30
80
37.22
Shakti Pumps (In
28.2
24.45
-13.3
230.25
200.00
-13.14
RECENTLY ANNOUNCED RIGHTS Company Name
RECENTLY ANNOUNCED BONUS Company Name
81.29
Hind Industries
Gini Silk Mills
-80.93
S' GROUP
17.10
Alpha Hi-Tech Fu
86.05
Sun Pharma. Inds.
Annc. Date
BC/RD Date
Ratio
St Bk of Mysore
8/31/2010
9/4/2010
3:10
Camlin FineChem.
7/15/2010
8/2/2010
3:05
Gulf Oil Corpn.
7/21/2010
NA
1:03
FII/MF ACTIVITY Month (Till Sept 27, 2010)
Sadbhav Engg.
6/9/2010
6/17/2010
3:01
Suzlon Energy
6/2/2010
6/10/2010
2:15
Rohit Ferro Tec.
8/13/2010
8/20/2010
2:05
Trent
7/2/2010
7/10/2010
4:09
6/8/10
NA
1:02
Tonira Pharma
6
Investment Monitor Oct, 2010
1:01
Equity (Rs. Cr)
Debt (Rs. Cr)
MF Activity
-4127.8
16522.4
FII Activity
20899.3
8082.7
Review & Analysis
An na ally ys siis s A INDICES PERFORMANCE (27/08/10 TO 27/09/10) Index
DIVIDENDS (27/08/2010 to 27/09/2010)
Close (27/08/10)
Close (27/09/10)
Points Chg
(%) Chg
Company Name
SENSEX
17998.41
20117.38
2,118.97
11.77%
Autoline Inds.
BSE-MIDCAP
7634.71
8142
507.29
6.64%
BSE-SMALLCAP
9640.95
10280
639.05
6.63%
BSE-100
9647.6
10674
1,026.40
10.64%
BSE-200
2309.07
2542
232.93
10.09%
BSE-500
7310.94
8019
708.06
9.68%
BSE Auto
8710.05
9553
842.95
9.68%
BANKEX
12216.07
13911
1694.93
13.87%
BSE CD INDEX
5772.48
6422
649.52
11.25%
CAPITAL GOODS
14722.82
15908.2
1,185.38
8.05%
BSE FMCG INDEX
3354.73
3726
371.27
11.07%
BSE HEALTHCARE
5536.4
6013
476.60
8.61%
Ex- Date
BC/RD Date
Div (%)
16/09/2010
20
Banco Products
16/09/2010
100
Enkei Castalloy
23/09/2010
20
Fiem Inds
22/09/2010
25
Hi-Tech Gears
15/09/2010
45
Hind.Composites
01/09/2010
25
Hind.Composites
01/09/2010
75
Jay Ushin
13/09/2010
25
JBM Auto
08/09/2010
15
Munjal Auto Inds
16/09/2010
50
Omax Autos
23/09/2010
15 15
BSE IT INDEX
5408.36
5944
535.64
9.90%
Rico Auto Inds
16/09/2010
BSE Metal
14910.82
17009
2,098.18
14.07%
Shivam Autotech
22/09/2010
15
BSE Oil & Gas
10092.17
10736.55
644.38
6.38%
Empee Distill.
20/09/2010
60
BSE PSU INDEX
9694.91
10396.77
701.86
7.24%
Globus Spirits
02/09/2010
10
BSE TECk INDEX
3380.26
3733
352.74
10.44%
Pioneer Distil.
16/09/2010
10
BSE REALTY
3379.98
3741
361.02
10.68%
BSE IPO
2,187.58
2,276.00
88.42
4.04%
Radico Khaitan
31/08/2010
30
DOLLEX-30
3,149.00
3,661.00
512.00
16.26%
Som Distilleries
21/09/2010
5
DOLLEX-100
2,126.89
2,447.00
320.11
15.05%
United Spirits
21/09/2010
25
DOLLEX-200
819.25
938
118.75
14.49%
S&P CNX NIFTY
5408.7
6035
626.30
11.58%
S&P CNX DEFTY
3993.95
4635
641.05
16.05%
S&P CNX 500
4550.9
4958
407.1
8.95%
CNX NIFTY JR
11825.4
12725
899.6
7.61%
Anjani Portland
23/09/2010
10
Bheema Cements
22/09/2010
12
KCP
02/09/2010
Kakatiya Cement
16/09/2010
27
Aarti Inds.
07/09/2010
14
03/09/2010
25
CNX Midcap
8757.8
9257
499.2
5.70%
CNX IT
6005.9
6600
594.10
9.89%
Adinath Bio-Labs
16/09/2010
6
CNX 100
5401.4
5990
588.6
10.90%
Amines & Plast.
08/09/2010
10
BANK Nifty
10727.45
12253
1525.55
14.22%
Avon Organics
23/09/2010
10
CNX Reality
441.3
491
49.70
11.26%
Balaji Amines
30/08/2010
25
Nifty Midcap 50
2829.7
3042
212.3
7.50%
Camphor & Allied
02/09/2010
15
CNX Infra.
3411.85
3716
304.15
8.91%
Chembond Chem.
07/09/2010
17.5
Cochin Minerals
07/09/2010
15
Dujodwala Prod
07/09/2010
10
Ellen.Indl.Gas
21/09/2010
5
GeeCee Vent.
08/09/2010
15 8
WORLD MARKET INDICES PERFORMANCE Index
Close (27/08/10)
Close (27/09/10)
Points Chg
(%) Chg
US DJIA
10,150.65
10,812.00
661.35
6.52%
Grauer & Weil
21/09/2010
S&P 500
1,064.59
1,142.16
77.57
7.29%
Haryana Leather
08/09/2010
6
NASDAQ 100 USA
2,153.63
2,369.77
216.14
10.04%
India Gelatine
16/09/2010
20
Avantel
17/09/2010
10
Frankfurt (DAX 30)
5,951.17
6,278.89
327.72
5.51%
California Soft.
09/09/2010
20
London (FTSE)
5,201.56
5,573.42
371.86
7.15%
Core Projects
23/09/2010
30
Paris (CAC 40)
3,507.44
3,766.16
258.72
7.38%
Cybertech Sys.
21/09/2010
10
eClerx Services
06/09/2010
100
EUROPE
ASIA Hang Seng Index
20,597.35
22,340.80
1,743.45
8.46%
Edserv Softsys.
21/09/2010
30
Info-Drive Softw
09/09/2010
5
Informed Techn.
08/09/2010
10
Japan NIKKEI
8,991.06
9,603.14
612.08
6.81%
Shanghai Comp
2610.74
2627.97
17.23
0.66%
Investment Monitor Oct, 2010
7
Prime Economic Indicators
Economic Fluctuation Gold Mumbai
Forex Reserve
19,079
19,100 19,050
12,780
19,000
12,760
18,950
12,740
18,900
12,700
18,800
12,680 Aug
18,750 27th Aug
Ruppe Vs Dollar
47
3,510
46 45.5 3,449
45.01
45 44.5 44 27th Aug
27th Sept
10Yr G-Sec (%)
7.86%
27th Aug
27th Sept
Call Rate (%)
8.08%
7.90% 7.85% 7.80% 7.75%
4.80% 4.70% 4.60% 4.50% 4.40% 4.30% 4.20% 4.10% 4.00%
4.70%
4.25%
27th Aug
27th Sept
BSE Sensex
27th Sept
WPI Inflation(%) 20,117
10.71%
9.97%
10.50% 10.29% 17,998
10.08%
8.50%
9.87% 9.66% 27th Aug
8
46.79
46.5
27th Aug
20,500 20,000 19,500 19,000 18,500 18,000 17,500 17,000 16,500
Sept
27th Sept
Brent Crude
8.10% 8.05% 8.00% 7.95%
12,725
12,720
18,874
18,850
3,520 3,510 3,500 3,490 3,480 3,470 3,460 3,450 3,440 3,430 3,420 3,410
12,780
12,800
27th Sept
Investment Monitor Oct, 2010
July
Aug
Market Commentary
Bulls Overtook Bears C
ontinued buying by the foreign institutional investors (FIIs) in the Indian equity maintained the upward momentum for the benchmark S&P nifty during the month September 2010. The FIIs pumped Rs 18,649.23 crore in equities till 24 September 2010, trumping an inflow of Rs 11,687.50 crore in August 2010. Their investment in the calendar year 2010 totaled Rs 38,144.33 crore. The nifty September future on the other hand remained at significant premium to the underlying through-out the month. Activity of institutional investors is likely to determine the future trend in the market which is at multi-months high. High volatility will be the hallmark with derivatives expiry lined-up. On the other hand, domestic institutional investors’ (DIIs) offloaded equities worth Rs 8,604.46 crore in the month so far, with their annual outflow pegged at Rs 7,236.04 crore. The industrial expansion is likely to slow down in coming months, though farm growth would pick up in the second half of the year, Montek Singh Ahluwalia, deputy chairman of the Planning Commission. Indian economy expanded at the fastest pace in 2-1/2 years in Q1 June 2010. The gross domestic product (GDP) grew 8.8% in Q1 June 2010. The manufacturing sector grew 12.4%, mining sector expanded 8.9%, construction sector grew 7.5%, and farm sector expanded at 2.8%. Output in the combined sectors -- trade, hotels, transport and communication, jumped 12.2%. Food inflation accelerated in late August 2010, even as inflation in the Non-Food space declined and remained steady in the Fuel & Power group, data released by the Government showed today, 9 September 2010. Year-on-year inflation in the Food Articles group rose to 11.47% in the year through 28 August 2010, up from 10.86% in the previous week, the Commerce & Industry Ministry said. At a mid-term policy review on 16 September 2010, the Reserve Bank of India (RBI) signaled that it may be nearing a pause in its current tightening cycle. The central bank said its rate and liquidity actions since October 2009 have been driven by two considerations -- normalisation of the monetary policy stance as the crisis abated and inflation management. The Reserve Bank of India believes that the tightening that has been carried out over this period has taken the monetary situation close to normal. Consequently, the role of normalisation as a motivation for further actions is likely to be less important. It raised its repo rate, or benchmark lending rate, by a quarter point to 6% and the reverse repo rate, or the rate at which it borrows funds, by half a point to 5%. The government doubled foreign investment limits in government securities to $10 billion from $5 billion and increased the limit for corporate bonds to $20 billion from $15 billion. This move will help to raise investment in bonds, infrastructure and develop bond markets in India at the same time as balancing its monetary policy.
Authority of India Bill, 2010, which envisages making UIDAI a statutory body. The Bill proposes to constitute a statutory authority to be called the National Identification Authority of India and lays down the powers and functions of the Authority, the framework for issuing unique identification numbers (Aadhaar numbers), major penalties and other related matters through an Act of Parliament. The Bill will now be introduced in Parliament for approval by the members. The UID project is primarily aimed at ensuing inclusive growth by providing a form of identity to those who do not have any identity. Apart from providing identity, the aadhaar number will enable better delivery of services and effective governance. Good rains in August 2010 and in the first week of September 2010 have strengthened the optimism about a record kharif harvest this season. Further, the weather office’s prediction that the monsoon will not start withdrawing before mid-September 2010 has boosted the outlook for the next rabi as well.Profit booking after a four-week rally which propelled the key benchmark indices - the BSE Sensex and the S&P CNX Nifty to 32-months high above the psychological 20,000 and 6,000 levels respectively cannot be ruled out. With more initial public offers and share sales lined up, including by large state-run companies such as Coal India, there is a greater chance of the secondary market losing some of its charm in the medium term. Although, Indian market valuations are high but so is growth and one should remember that economic and earnings growth is in short supply globally. Global investors are chasing earnings growth and their confidence in developed market equities is low. Auto, cement and steel stocks will be in action following the release of monthly sales figures for September 2010.Stock-specific buying will continue based on expectations of Q2 September 2010 results. India’s top one hundred firms have reportedly paid 16.4% higher advance tax at Rs 38107 crore in Q2 September 2010 over Q2 September 2009. The second quarter results will start trickling in about a month from now. All eyes are on the outcome of highly sensitive Ram Mandir-Babri Masjid verdict from the Allahabad High Court. The Supreme Court on 23 September 2010 ordered the lower court to delay a potentially explosive verdict on whether Hindus or Muslims own land around the demolished Babri mosque in Ayodhya. The top court will now hear an appeal for a stay on the verdict in the 60-year-old case on 28 September 2010. Globally, the economic data on durable-goods orders and sales of new homes are to be closely watched to gauge the progress of the US economic recovery.
The Union Cabinet approved the proposed National Identification Investment Monitor Oct, 2010
9
Global Outlook A Rough Road to Recovery
T
he global economy is gradually emerging from crisis but needs more-open markets and less trade friction. The global financial crisis, which has plagued the world economy for two years, is nowhere near an end. Though a double-dip recession is unlikely, a fast and sound economic recovery is still out of reach. Developed countries are now counting on emerging economies for growth. Normally, at this stage of a recovery, confidence would be rising and economic momentum would be gathering. But this is not proving to be the case in most Western economies. In particular, the United States looks weak, and the UK, while a bit stronger, is fragile. Meanwhile, a number of the European economies face tough times as fiscal policies are tightened. In contrast, the eurozone’s core economy, Germany, is in much better shape, benefiting from an export-led recovery driven by China. It is necessary to differentiate between the West and the East since their underlying dynamics are different. But at the same time, it is important to appreciate the inter-connectedness of advanced, emerging and frontier economies. Most of the advanced economies face only a modest recovery. The recovery in emerging economies is stronger, and the more it is driven by domestic demand, the stronger it will be. Meanwhile, the frontier economies still possess the greatest catch-up potential, which should be seen in even stronger rates of growth than current levels. New capital rules set by global regulators are expected to give weak lenders time to raise funds and free up strong banks to lift dividends or hit the acquisition trail. But the biggest international banks still face a capital surcharge on top of Basel III rules announced late on Sunday, to tackle concerns that banks deemed “too big to fail” may take risks that could derail the financial system. Banks in Europe -- most notably in Germany and Spain - could need to raise large amounts of funds, while most U.S. banks already comply with the rules. The new Basel III requirements will force banks to hold topquality capital totaling 7 percent of their risk-bearing assets, more than triple what they do now. There has been much talk of late about a double-dip in the US economy. In theory, a double-dip implies that having enjoyed three consecutive quarters of positive GDP post the GFC recession, the US is now facing at least two in which growth will again be negative. In reality, it’s all just a case of semantics. Those three positive quarters were successively less positive and the US housing and unemployment problems have not been resolved. Whether or not GDP growth actually turns negative again is rather by-the-by. But for the sake of the argument, economists generally put the chance of a US double-dip at less than 50%. Investor optimism improved after U.S. bookings for goods such as computers and communications gear climbed 4.1 percent in August and as a government official said Japan was considering a stimulus plan worth as much as 4.6 trillion yen ($54.6 billion). Rising capital investment in the U.S. is a positive sign that shows companies expect demand to increase, which has $123 billion in assets. It has to watch whether the improvements are sustainable. . As on 24th September, 2010 close the S&P 500 was up 9.47 percent so far in September, its strongest monthly gain since March 2000 when it was up 9.67 percent. The South Korean won rose to its strongest level in more than four months after signs of a recovery in the U.S., its second-biggest export market. South Korea’s currency gained 5.8 10
percent in the past three months, the best performer among Asia’s 10 most-traded currencies. The U.S. national activity index declined to minus 0.5 in August from zero in July, according to the median estimate of economists in a Bloomberg News survey before the Fed Bank of Chicago releases the data today. A reading below zero indicates below-trend-growth in the economy. The Conference Board’s U.S. consumer confidence index fell to 52.3 this month from 53.5 in August, according to another survey before the New York-based research group’s data tomorrow. Global stock underwriting proceeds have slipped nine percent so far this year as investors prove less willing to take risks amid an uncertain economic recovery. Proceeds from global equity capital markets underwriting activity have fallen to $496.14 billion from $544.96 billion so far this year. But the number of deals has increased 5.6 percent to 2,817 deals compared with a year earlier as banks have been willing to underwrite smaller offerings. In contrast to lagging global ECM activity, global mergers and acquisitions activity has risen as improved financing options and substantial war chests have allowed corporate and private equity buyers to pursue deals. Worldwide M&A has totaled $1.678 trillion so far this year, up 21 percent from a year earlier, according to preliminary data from Thomson Reuters. Emerging market tailwinds have also become headwinds to some extent. The world is in a panic that having stimulated China’s economy so effectively, Beijing will now bring it in for a hard landing in a desperate attempt to control inflation, at risk to the entire global economy. But recent data suggest China is coming in only for a soft landing, and also that perhaps the US won’t double dip. China is currently building seventy new international airports across the country, he added, again shaking his head in disbelief at the contrast. And there will be more engineering students graduating in India this year than there are working British engineers. Japan this month intervened in the foreign-exchange market for the first time since 2004 after the yen’s advance to a 15- year high against the dollar threatened to stunt the nation’s economic recovery. Prime Minister Naoto Kan was under pressure from business leaders to stop the yen’s gains from undermining the exports propelling Japan’s growth. Competitive currency devaluations are detrimental to the world economy, International Monetary Fund Deputy Managing Director Naoyuki Shinohara said, while defending Japan’s intervention in the market this month.
Outlook
The outlook for equity capital markets globally could be improving. A strong stock market could buoy investors’ optimism. The end of summer holidays and a lessening worry that the European sovereign debt crisis will spread could also help. The market has picked up substantially in September, but valuations are not quite as attractive as some might like to see. It’s possible to see a number of deals pushed to late 2010 or 2011.” There are very upbeat about prospects for the emerging economies, and expect them to eventually pull Western economies up, the near-term outlook for the West is still rough. The scale of deleveraging still points to a sluggish recovery in the United States and the UK, as well as parts of the eurozone. This is despite the scale of the policy stimulus, which has included fiscal boosts, low interest rates, liquidity provisions, national bailouts, and weak currencies, the euro in particular.
Investment Monitor Oct, 2010
Indian Economy
Significant Improvement in Indian Economy
I
ndian economy registered a growth of 8.8 per cent in the first quarter of 2010-11 on back of robust manufacturing growth at 12.4 per cent. India’s exports touched US$ 16.24 billion in July 2010, posting a 13.2 per cent growth as compared to US$ 14.3 billion in July 2009. Furthermore, the index of six core industries, having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP), has registered a growth of 3.9 per cent in July 2010 in comparison to 3.2 per cent in July 2009. According to CMIE, India’s GDP is expected to grow at 9.2 per cent in FY 11 on the back of spurt in economic activities. The GDP had grown 7.4 per cent in the preceding year. It has been projected that the three broad sectors of the economy (industry, services and agriculture) will improve their performance in FY 11. The industrial sector, including construction is projected to grow by 9.4 per cent in FY 11, better than the 9.2 per cent growth in FY 10 while the services sector is projected to expand by 10 per cent compared to 8.6 per cent last year led by the trade and transport segment. Focusing on furthering India’s growth story, According to Planning Commission of India, India can showcase its massive infrastructure spending and a wider current account deficit at the next G20 summit as its contribution to reviving global economic demand. India plans to spend US$ 1.5 trillion on infrastructure in the ten years to 2017. Stepping up the industrial growth, the government has approved 11 new special economic zones (SEZ), five of which are related to information technology and are based in Karnataka.
the government has rejected 12 proposals and deferred 22 proposals. As per the World Investment Prospect Surveys 2010 –2012, published by the United Nations Conference on Trade and Development (UNCTAD), India will be the second-most popular destination for foreign direct investment in the globe over the next two years. Half of the 20 most promising investor countries were economies in transition – India ranking sixth globally. Besides, India is a strongly-performing portfolio for the Global Fund and targets are being reached. The Indian economy would grow to USD 1.72 trillion in 2011-12, moving closer towards the USD 2 trillion mark, according to an assessment by the Prime Minister’s Economic Advisory Council (PMEAC). The country’s gross domestic product (GDP) at the market and current prices was measured at USD 1.31 trillion in 2009-10 and is estimated to be USD 1.52 trillion in the current fiscal.If the nine per cent growth trend is maintained, India would become USD two trillion economy in 2013-14 fiscal.
Significantly, the country’s foreign exchange reserves as on August 27, 2010 stood at US $282.8 billion. The foreign institutional investor (FII) invested in a record US$ 12 billion in the first eight months of 2010.
According to experts, services and manufacturing sectors will remain the key drivers pushing the coveted growth to USD two trillion mark. Services sectors particularly transportation and telecom sectors will lead the growth. Rising income levels and aspirations of people will further the industrial output.In the first two months of current fiscal, the industrial production recorded an annual growth of 14 per cent. “The lead indicators of service sector also suggest increased economic activity. If the tax reforms are implemented as planned from next fiscal, the economy would get further push. The gain from GST will propel the country from one-trillion dollar economy to two trillion-dollar economy in a short span of time.
The Government of India has released a discussion paper on whether to scrap existing rules that force foreign companies who have tied up with an Indian firm to seek approval before expanding outside the joint venture. The proposal, issued by the Ministry of Commerce and Industry is part of a series of papers, closely watched by foreign investors, testing the appetite for more relaxed investment norms in India.
High networth individual (HNI) investors have returned to emerging markets such as India as numbers for 2009 depict. HNIs are accounting for about 20 per cent of the assets of Indian equity-oriented funds and restructuring their portfolios (including buying and selling) nearly a fifth of their investments within a time span of six months, according to latest data released by the Association of Mutual Funds in India (AMFI).
Interestingly, the Indian food processing sector has been growing by more than 14 percent and many Canadian companies have evinced keen interest to come to India. India allows 100 percent FDI in food processing industries and offers a whole lot of tax concessions. There is a big opportunity for the investors as the food processing sector is set to grow rapidly with the Canadian FDI in India pegged at US$ 600 million.
Sector in Focus: Education Sector
The government has approved 24 foreign direct investment proposals worth Rs 2,727.41 crore, including Rs 1,100 crore investments in power sector by Asian Genco Pte Ltd of Singapore. Based on the recommendations of Foreign Investment Promotion Board (FIPB),
The education sector to the foreign players has allowed the sector to witness a surge in the investments. Venture capitalists (VC) and PE players have invested in excess of US$ 140 million in May 2010; 50 per cent more than in the previous year. The total VC/PE investments into the sector are expected to be close to US$ 300 million by the end of 2010. Investments in education sector are expected to grow by 40-50 per cent every year. Similarly, the pre-school segment is estimated at a worth of US$ 2 billion, which is also expected to grow at an annual rate of 40-45 per cent.
Investment Monitor Oct, 2010
11
Cover Story
India Decoupled ?
Double-dips, Deflation and Deleveraging may be the talk of most developed economies, but in emerging markets, the relevant “d” is once again “decoupling. Emerging markets like India proves much more resilient to slowdowns in the developed world than during previous crises. 12
Investment Monitor Oct, 2010
Cover Story Nifty touched 6000 mark and BSE Sensex touched 21,000 mark a 32 month high since Jan, 2008. The rally started right from 5000 mark, a 21% gain in the market in last 4 months. If we compare with other economies there is surely a decoupling effect in India as you can see in the following table. Index
20th May
20th Sept
Return
Nifty
4947
5980
20.88%
Sensex
16519
19906
20.50%
10030
9626
-4.03%
19545.8
22002
12.57%
Ftse
5073
5602
10.43%
Cac
3432
3788
10.37%
Dax
5867
6294
7.28%
Indian Market
Asian Market Nikkei Hangseng European Market
The decoupling debate is back! Indeed, the notion that the health of emerging markets is no longer determined by the ups-and-downs in developed economies -- or even that emerging markets may be insulated from global shocks -- has been in vogue of late. Last fall, the collapse of Lehman Brothers and the ensuing stock market crash dragged down emerging markets: decoupling seemed dead. The IMF forecasts that Indian economies is expected to post 9 percent growth for 2011. And international investors are flocking to emerging markets, which have beat those in developed countries by nearly 50 percent in the past six months.
Decoupling effect
Opposite of contagion is decoupling effect. When one is able to keep oneself safe from the financial shocks of one’s financially close country or firm, it is said that decoupling has started. So, if our stock market is showing resilience and is not affected by downturn global market, then we can say that our market is showing decoupling effect.
Challenges to decoupling theory
With growth recovering significantly in India, once again it is being presented as decoupled giants who can revive the world economy. Advocates of “decoupling” argue that, despite the force of globalization, some economies are relatively unaffected by the economic cycles characterizing the rest of the world. However, this view has been discredited in recent years for two reasons. First, there appears to be a high degree of synchronization of booms and busts in stock and housing markets across the world. If the appetite for investment among wealth holders or even wealth seekers was stoked anywhere in the world, such investment found its way across the globe, reviving diverse markets simultaneously, even if to differing degrees. The reverse was true when bearish sentiments prevailed. The second challenge to the decoupling theory came from the depressive impact that the slowing of global trade had on growth in China and India. According to the World Bank’s World Development Indicators, before the onset of the crisis (2007) exports of goods and services amounted to 43 per cent of GDP in the case of China and 21 per cent in the case of India. This level of export dependence would imply that a trade downturn would adversely affect these economies. It did, and challenged the notion of decoupling.
But the recent revival in Indian stock market and in GDP has led to a revival of the decoupling theory. This is surprising because liberalization leads to “coupling” not just through increased dependence on global markets, but through the restructuring of the financial sector that homogenizes regimes of accumulation across countries. Specifically, financial liberalization and the reliance on monetary as opposed to fiscal levers to promote growth result in the displacement of deficit-financed state expenditure by debt-financed private expenditure (on housing, automobiles and general consumption) as important stimuli to growth. When monetary policy is lax, credit is easy to obtain, and interest rates are low, one also witnesses enhanced credit-financed consumption and an acceleration of growth. The Indian market at this juncture is fairly placed and make for one of the most attractive destinations compared to global markets. The domestic consumption that we are witnessing at this point of time is mainly led by its demographic profile and we are definitely not dependent on other economies to retain our strengths. India being a highly domestic consumption driven economy, there is no doubt that its one of the better place for investment. On comparison wise with other economy, Inflation is likely to soften as it’s already come to single digit to 9.97% from 13%, and further may go down to 5-6 % by Dec, 2010. The RBI is doing its best to tame the monster inflation; it’s been 6 times in this year that RBI has changed the monetary policy. On the global front, the recovery now taking place is not as good as had been hoped for. The US consumer is still far from the high spending days witnessed earlier. Europe has been a bit stable after the initial bad news that ticked in, but we need to keep a close watch on the results os the steps taken by the European nations. So there’s been a decoupling effect rather contagion effect in Indian market.
Decoupling Debate
First, there is a good deal of confusion about the distinction between cross-country synchronization of financial markets and economic activity. With capital and news flowing more freely and quickly across borders, stock markets around the world are increasingly synchronized. This makes it highly unlikely that we would observe a prolonged period of decoupling in financial markets. Stock market indices are, of course, a good source of information about countries overall economic prospects. But stock prices are more volatile than fundamental economic indicators. They react much more quickly to good and bad news. In emerging-market economies, this is particularly true. Small movements in foreigninvestor flows cause large fluctuations in equity prices. The big question is whether and how these financial spillovers affect the real economy, as measured by such variables as GDP, investment, and household consumption. Here the answers are less clear. So far, there seems to be a split between real and financial variables in emerging markets. Stock markets plunge and recover rapidly, while declines and increases in output growth are much more moderate. Given emerging economies’ potential for economic growth, it is reasonable to expect that the gyrations of equity markets will have little effect over the long term. Second, it is vital to remember that emerging markets like India performed very well when there is a recession going on in Us, Germany. During this recession, China and India have continued to post solid, if unspectacular, growth rates. Some emerging-market
Investment Monitor Oct, 2010
13
Cover Story countries that rely heavily on commodity exports have taken bigger hits and could take longer to recover. Emerging-market countries with large current account deficits, such as those in Eastern Europe, have suffered brutally as external financing has dried up. Overall, Indian stock market performed so well that they backstabbed other markets by showing healthy growth quicker than advanced economies. Indeed, emerging economies can sustain much higher growth rates than advanced economies implying a structural, rather than cyclical, kind of decoupling. India also has much higher productivity growth, large and underutilized labor forces, and enormous latent domestic demand. This latent demand is not just for typical durable consumption goods, but it is demand for infrastructure, education, and health services, which can in turn propel higher long-term growth.
about receiving another round of FII investments. As you can see in 2010 there has been a net inflow of Rs 59,381 crore till 21st September which is indicating that there has been a huge chunk of money invested by FII in last 2 years after the crisis of 2008. Last year’s investment of Rs 87,987 crore by FIIs is the highest ever inflow in the country in rupee terms in a single year. Net FII Inflow Year
Crore
Jan-10
-500.40
Feb-10
1216.90
Mar-10
19927.50
Apr-10
9361.30
The question still remains whether India have become more selfreliant over the past boom-and-bust cycle. Three important indicators suggest more interdependence among emerging economies:
May-10
-9436.50
Jun-10
10508.20
Jul-10
16617.30
First, trade flows between emerging-market economies have increased, doubling in the past two decades. This is in no small part due to the internationalization of supply chains and specialization of production. For instance, a large chunk of South Korean and Taiwanese exports to China are ultimately destined for advancedcountry markets, after undergoing some final processing in China.
Aug-10
11687.20
Till Sept 21-2010
19349.80
Second, demand for commodities from large emerging markets like China and India has bolstered growth in commodity exporters such as Brazil, Chile, and Russia. Third, financial flows between emerging economies have increased. India gets nearly one thirds of its foreign direct investment from other Asian emerging countries. In turn, India has begun to undertake substantial investments in many commodity-producing countries. Other emerging markets also have built up massive stocks of foreign exchange reserves. All of this makes emerging markets as a group less dependent on financial flows from advanced economies. Further, the major emerging economies have bolstered their arsenal of macroeconomic policy tools to combat slowdowns since the 1998 Asian financial crisis and 2001 tech bubble downturn. Countries such as China and India, in particular, have used these policies effectively in this recession, propping up growth. Thus, there are signs that the major emerging markets are no longer as dependent on the advanced economies as before. The bigger question facing the world is whether emerging economies like China and India can become self-sustaining and turn to a model of growth that is largely driven by domestic rather than foreign demand. The bottom line is that India now seems much more capable of holding their own in the midst of a global recession. India is also becoming more influential in terms of raw size -- and likely to account for a rising share of global output, trade, and financial flows. The reality of emerging market like India is encouraging but will take a while to catch up to the hype about decoupling.
FII Inflows in India – A major attribute for such gains Last year in 2009, India had received a huge chunk of FII money to the tune of 80,500 crore and most of the investors were skeptical 14
India is totally decoupled as compared to global economy. Global economy is still flush with liquidity and it looks that it will remain at this level till second quarter of 2010. As regards the inflows India has emerged as a star performer in terms of attracting foreign inflows into the domestic equity market. Net MF Inflows Year
Crore
Jan-10
-1282
Feb-10
-696
Mar-10
-3798
Apr-10
-991
May-10
-389
Jun-10
-968
Jul-10
-4181
Aug-10
-2996
Till Sept 20-2010
-2231
Secondly, India’s growth trend is very positive. If we talk of the GDP the recent data shows that in the period April to June 2010 the GDP growth was 8.80%. IMF also forecasts a growth rate of 9% in 2011. So this is one of the reasons for attracting FII funds. Thirdly, in 2010 while the markets have remained range bound, many mid-cap companies have received investments from FIIs and provided strong returns. And finally it was political factors along with govt. focusing on reforms has also resulted in FII coming to India. The infrastructure growth, divestment of PSUs, bills for GST and DTC are some of the relevant factors that attracted FII funds.
Investment Monitor Oct, 2010
Cover Story India FDI Policy – Boosting Global In vestor’s Confidence The Government of India released the new document on FDI policy on March 31, 2010 whereby this document now consolidates all existing regulations related to FDI contained in the Foreign Exchange Management Act (FEMA), RBI Circulars and various press notes issued at various points in time. The comprehensive policy document
came into effect from April 1, 2010 and would be replaced every 6 months after incorporating the changes which have been effected during the said period. This is a good move considering that this would bring clarity in understanding the foreign investment rules among investors resulting ultimately in simplification of the policy. This is also expected to improve transparency and boost global investors’ confidence.
100% FDI is permitted under the automatic route in most of the sectors while there are Sectoral caps in the case of Banking (74%), Insurance (26%), Telecom (49%), Aviation (74%) and Single brand retail (51%) etc. In certain sectors like Atomic Energy, Lottery, Gambling and Betting, Multi Brand Retail, Nidhi company etc, FDI is not permitted. The Government is looking to allow FDI in media and also looking to amend the Press and Registration of Books Act 1867 to facili-
tate the entry of foreign newspapers or Indian editions of foreign newspapers being printed. The present FDI limit is 26% under Government approval. Currently, 100% FDI is allowed in facsimile publication of foreign newspapers by an entity incorporated or registered in India. FDI in multi-brand retail is another sector where FDI is currently not permitted though the Government says that the current retail infrastructure including the backend (from the farm to the store) needs to be strengthened. The entry of large Indian retail chains has in general been positive allowing farmers to get better prices for their produce and giving multiple choices to the end user. Banking and Insurance sectors could also do with a hike in the FDI limits while this is being monitored after the global meltdown where some of the largest banks and financial institutions went bust. The Government might encourage investments by foreign insurance companies in health and weather (floods, famines) to farmers and rural residents and for banks to be set up in rural areas where this is a Greenfield project. The Economic Survey released by the Finance Ministry for the year 2009-10 indicated impressive growth in sectors like telecom, infrastructure (power, coal, ports, aviation, roads) and services. Budget 2010 presented by the Government in February 2010 allocated 46% of the total planned outlay in infrastructure (rural and urban) along with an additional INR 20,000 tax deduction for individuals in long term infrastructure bonds helping to garner funds for infrastructure development. This remains the single biggest sector of focus where the Government believes that improvements in the sector coupled with reforms in governance could take India to a double-digit growth rate. The setting up of National Mission on Enhanced Energy Efficiency (NMEEE) which aims to create a market for energy efficiency, Clinical Establishments bill to improve the quality of health standards and regulate the clinical research establishments in the country are measures set to improve transparency and boost the overall confidence of the investors. The top 3 Indian Regions attracting the highest FDI (April 2000 to January 2010) have been Mumbai Region (representing with US$ 38,074 million (INR 169,691 crores) followed by Delhi Region with US$ 21,460 million (INR 97,125 crores) and Karnataka Region with US$ 6,750 million (INR 29,850 crores). The three put together have accounted for nearly 62% of the total FDI inflows received over the the last 10 years. Other Regions like Gujarat and TamilNadu are also beginning to attract FDI inflows in the last 5 years and are currently not far behind Karnataka Region at US$ 6,382 (INR 28,171 crores) million and US$ 5,309 (INR 23,864 crores) million respectively. (source: Department of Industrial Policy & Promotion) Gujarat, in particular, has grabbed the attention of foreign investors due to the presence of strong road and rail network, availability of skilled manpower (presence of academic and research institutions like IIM, NIFT, NID, CEPT etc), proactive governance model and investor friendly regulations go in favour of this state. Some of the leading Indian and Multinational companies including Reliance, Adani, Essar, Aditya Birla, ABG shipyard, Tata, Zydus Cadila, Welspun, Torrent, Amul, Bombardier (Canada), Matsushita (Japan), McCain Foods (Canada), Alstom (France), Shell (Netherlands) General Motors (USA), Linde ( Germany) have set up their operations in the state. So the point here we want to make, that such a govt. move is bringing much competition in India for local companies. Decoupling arises because of such steps, and right from the 2008 crisis it has been seen that Indian govt. is taking some great steps to curb inflation, maximizing Industrial production, lowering interest rates and all has been in the right way.
Investment Monitor Oct, 2010
15
Cover Story Economic Indicators - Most important factor that leads to India growth
planning to invest in the range of $200-500 million in the next two years has risen four-fold to 27 per cent this year.
GDP Growth Rate
The government’s indirect tax collections rose 45% in the first five months of the current fiscal year, lending some credence to the strong industrial growth data for July. Indirect tax mop for the April-August period rose to Rs1, 24,170 crore, aided by the continued buoyancy in customs collections, data released on Tuesday showed. Indirect taxes include customs duty levied on imports, excise duty on goods manufactured in the country and service tax.
The Gross Domestic Product (GDP) in India expanded at an annual rate of 8.80 percent in the last reported quarter. From 2004 until 2010, India’s average quarterly GDP Growth was 8.37 percent reaching an historical high of 10.10 percent in September of 2006 and a record low of 5.50 percent in December of 2004. India’s diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of India’s output with less than one third of its labor force. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points.
India Interest Rate
The benchmark interest rate (reverse repo) in India is currently at 5.00 percent. In India, interest rate decisions are taken by the Reserve Bank of India’s Central Board of Directors. The official interest rate is the benchmark repurchase rate. From 2000 until 2010, India’s average interest rate was 5.82 percent reaching an historical high of 14.50 percent in August of 2000 and a record low of 3.25 percent in April of 2009.
Industrial Production- IIP figures
Industrial Production in India expanded 13.8 percent in July of 2010. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. From 1994 until 2010, India’s industrial production averaged 7.49 percent reaching an historical high of 17.70 percent in December of 2009 and a record low of -0.20 percent in December of 2008.
PE Investments in India
Private equity (PE) firms have actively been investing into India as comparative returns on investments from the country have been substantially higher than several other regions. The amount US$ 2,364 million across 67 deals invested in April-June period (Q2) of 2010 was almost 2.6 times that during the same period of 2009, which witnessed US$ 890 million being invested across 51 deals and also higher compared to the immediate previous quarter (US$ 2,207 million across 71 deals). With this, the amount invested by private equity (PE) firms in the country has risen for the fifth successive quarter. The largest investment during Q2 2010 was Olympus Capital’s US$ 300 million investment into Tata Power’s SPVs for Indonesian coal mines. Other investments during the April-June period of 2010 included TPG Capital’s US$ 217 million investment into Shriram Capital followed by Temasek’s US$ 200 million and US$ 175 million investments into GMR Energy and National Stock Exchange, respectively. Private equity and venture capital investments riding on the strong economic growth in the country are projected to reach 17 billion (around Rs 80,000 crore) this year, a level last seen in pre-downturn times. The report includes a survey conducted across over 75 leading PE investors globally. The survey revealed number of respondents 16
Indirect-Tax rises 45% in April-August
The robust collections are an indication of a strong domestic economy with excise collection point to good manufacturing and high customs duty inflows suggesting robust investment activity. Part of the strong growth in collections is, however, due to an increase in excise duty from 8% to 10% and the imposition of 5% import duty on crude oil. The government had increased these levies in the budget as part of the phased withdrawal of stimulus measures announced to prop the economy during the global economic downturn. The service tax rate was, however, left unchanged at 10%, the reason why collections under this head did not grow much. The strong growth in the indirect tax collection is expected to help government easily achieve the budgeted Rs7,47,000 crore target of tax collections in the current year against Rs6,33,000 crore last year, an increase of 18%.The net direct tax collections during April-August grew 13.9% to Rs1,00,112 crore. The manufacturing purchasing managers’ index for August, although dropped marginally to 57.2 from 57.6 in June, indicated a strong production of goods. A sharp dip in industrial growth in June to 5.8% (revised downward from 7.1% initial estimates) gave the impression that industrial growth was moderating. But the rebound in July, when the index for industrial production surpassed all predictions to post a 13.8% growth, and the strong growth in excise collection seem to suggest that June was an aberration. The strong collections will help the government cut fiscal deficit to less than the budgeted 5.5% of GDP. Though the government got a Rs65,000 crore bonanza from the auction of 3G and broadband spectrum, most of it will be consumed by the Rs 55,000 crore expenditure proposed in the first supplementary demand. That makes meeting tax collections and disinvestment targets important from a fiscal consolidation perspective.
Conclusion
In 2008 crisis Indian market is not facing so much resilience and it seemed that decupling effect is dead rather there has been contagion effect. But in these 2 years India has shown some strong fundamentals among the emerging markets, Industrial production which has fallen to record low of -0.20% has increased to 13.78% as of July, 2010. Inflation figures were so unstable and resulted in creeping inflation. Other leading indicators like GDP, Interest Rate, and Indian consumption were once again showing some strong momentum at a moment. Our market is strong and developing its not late when we will be also called as a developed nation. So ultimately it’s the “D” effect which is currently on stats.
Investment Monitor Oct, 2010
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17
Industry Analysis
Infrastructure Industry
D
espite challenges and some slippages in project execution, we are convinced of the long-term potential of infrastructure investments and corporate capex. There is strong traction in infrastructure segments such as power and roads. Overall, we expect investment across the infrastructure segment at US$600bn over the next five years. The cornerstone of the India infrastructure theme is private investments. Steps have been taken to make private participation more viable; for instance changes in Model Concession Agreement (MCA), allowing non-banking financial companies (NBFCs) to raise long-term bonds for infrastructure and allowing replacement of domestic debt with low-cost ECB. Overall, we expect private investment of US$190bn over the next five years (FY11FY15), representing 30% of total investments. Strong demand, high capacity utilisation and a relatively stable macro environment present a positive environment for a revival in corporate capex. The financial crisis and Central elections in 2009 had delayed the award of projects. However, with a semblance of economic stability post the crisis and elections and implementation of certain government policies, award activity has been gathering momentum since H2FY10. Strong project pipeline across sectors and rising private participation is encouraging, but challenges remain on the execution front due to issues like land acquisition, delay in environment clearances etc. In a recent review of the XI five-year plan, the planning commission revised down the projected investment target for the XI plan across sectors except telecom and airports.
Roads
Adoption of the B.K. Chaturvedi report recommendations has cleared the long pending issue related to MCA & RFP, RFQ. Consequently, the road sector has seen a significant pick up in the awarding activity- 4,940 km of new projects being awarded over the last 9 months compared to just 1,877 km in FY08-09. This yields a monthly run rate of close to 550 kms of new project awards. The run rate has further increased to 700 kms With 2871 kms of new project awards, in the first 4 months of FY11 itself. Developers maintain positive stance on the sector despite some lingering issues Developers are optimistic on the outlook and opportunities in road sector, despite the sector being plagued by key issues like:
Difference in project cost estimated by NHAI and developers
Leading to lower VGF/ termination payments as these are calculated based on NHAI’s own estimates of TPC. Land acquisition: Inability of the Govt in timely completion of land acquisition resulting in significant time and cost overruns.
18
Removal of utilities
Removal of utilities, inordinate delays in obtaining forest clearances and approval for Railway over bridge (ROBs) impacts execution. Lack of succession planning: The current NHAI chairman was supposed to retire in Aug’10 and the ministry is yet to appoint his successor. This lack of succession planning is affecting the pace of project awards (last 3 months has seen few projects awards).
Developers opine funding cost still high.
Lenders differ Rates to harden Even though liquidity constraints have significantly eased over the last year, developers opine that the rates at 9.5%-12.5% (depending on project feasibility) are still high. However, lenders to road projects are of the view that the road sector was actually getting subsidized with lower rate of interest on account of lenders intentionally reducing their weightage on the power sector. With RBI adopting tighter monetary policy, lenders have started signaling that cheaper interest rate scenario is set to change, with interest rates expected to move up between 100 to 150 bps by the end of the fiscal.
Increasing competitive intensity leading to lower IRRs
Developer friendly initiatives adopted by the Govt over the last 12 months have resulted in significant pick up in investor interest. This has lead to increasing competitive intensity, evident from the fact that a lot of projects in FY11 are bagged by developers by paying premium to NHAI, as opposed to them receiving VGF in FY10. Consequently, developers/lenders have seen comparatively lower project IRR’s. The trend suggests a gradual move towards higher premium being paid by bidders.
Mega projects in pipeline; leads to foreign tie-ups
The NHAI pipeline includes nine mega projects, each costing in excess of INR40bn. These mega projects have stringent financial and technical norms, such that most Indian companies fail to qualify on their own. Earlier, a company could bid if its net worth was more than 25% of the cost of the project, irrespective of the size and value of the project. According to the revised norms, however, there are three net worth criteria: For projects worth up to INR20bn, net worth of 25% of the total project cost (TPC) is required as in the existing scenario. Projects worth INR20-30bn require a total net worth criteria of INR5bn plus 50% of the cost above INR20 bn. For projects with a TPC of above INR30bn, the concessionaire must have a net worth of INR10bn plus 100% of the cost above INR30 bn. So for this criteria, a INR40bn project would require net worth of INR20bn.
Investment Monitor Oct, 2010
Industry Analysis Airports
Airport assets derive value from three revenue streams viz. aero revenue, non-aero revenues, and real-estate monetisation. Aerorevenue is as a function of traffic growth and tariff escalation, while non-aero revenues are a function of traffic growth and passenger spending. However, real-estate which is typically offered to developers to act as a sweetener is where the real money is. As far as new opportunities in the airport sector are concerned, despite a seemingly large pipeline of airport development, we believe opportunities are limited for new developers. This stems from the fact that key metro airports are already privatised and the upcoming airport development opportunities are not very attractive. Further, a substantial number of upcoming airport projects are not greenfield but expansion projects where private participation will be limited to the city side development which we believe is not as exciting as it is in the metros. By virtue of their monopoly status, airports come under the purview of regulatory review for their tariff setting. In India, tariffs for Mumbai and Delhi will be determined on a return on capital employed formula while Hyderabad and Bengaluru airports’ tariffs are determined by an inflation-adjusted formula. addition of ~2,500 km/annum, a far cry from an average of ~180 km/annum that India has managed to add over the last 62 years. IR proposes to finance the INR1,800bn needed for this purpose by means of government funding and a major increase in Public Private Partnerships (PPPs).
Ports
With the estimated increase in power generation capacity, coal will likely be amongst the main drivers of traffic in Indian ports. The investment in the port sector has lagged targets so far, as private sector participation has been well below expectations. The economic crisis, along with a slowdown in EXIM traffic, further hurt the expected revival over the past two years. In FY06, the Government of India developed a financing plan (NMDP) for ports that predicted port traffic of 1,009mnte by FY12 (9.9% CAGR). The government conceived the NMDP to invest INR574bn to double major port capacity to 1,002mnte by FY12. However, a significant part of the outlay and key decisions regarding the actual expansion have yet to be made.
Railways
Railways have limited opportunities for private developers. Rather they offer an interesting opportunity over the medium term for operators and contractors. For the operators, we see container train operations and the recently allowed bulk cargo segment (ex coal, oil and iron-ore) as a long-term opportunity. In turn, contractors will likely benefit from railways’ ambitious plans on building the dedicated freight corridors and high speed passenger corridors. Developers in turn, are left with just the modernisation of railway stations and attached real-estate to explore. Indian Railways, in its roadmap, Vision 2020, outlined its growth strategy wherein it proposes an investment of ~INR14,000bn over the next 10 years to modernise itself by expanding its network and creating more capacity. It is planning a major network expansion by adding 25,000 km of new lines by 2020, implying an average
As per the latest data available for June 2010, total capacity of major ports in India stands at 600mn tonnes. Total ongoing works at various major ports may add a maximum of 127mn tonnes, assuming timely completion over the next two years. However, of this, 36mn tonnes comprise trans-shipment capacity being built at Cochin.
Outlook
Notwithstanding the slippage from target, investment in infrastructure as a percentage of GDP has been rising and is currently estimated at 6.0%. The government intends to increase ratio of investment in infrastructure to GDP to 10.7% by end of the XII five-year plan (FY17) and this forms the basis for US$1trillion investment envisaged in the XII plan. Overall, investment across the infrastructure segment will be at US$600bn over the next five years (FY11-FY15). Of this, we expect private investment of US$190bn, representing 30% of total investments.
Investment Monitor Oct, 2010
19
Stock Market Monitor
STOCK MARKET MONITOR In Stock Market Monitor we have covered over 1200 companies appropriately classified into various sectors (109 in numbers). Each sector is given an unique code. The data aims to provide an insight into the financial health of the companies. The data of each sector is divided into 3 portions - Full year, Latest Quarter and Current data. This database is packed with powerful features necessary for fundament research on any company.
LEGEND
The fields that we have covered are explained below:
20
Year End • • • • • • • • • •
Year End - The first two digits show the year while the last 2 digits show the calendar month. E.g. 0903 show March 2009 results. Equity - The latest fully paid equity capital of the company. Net Sales - Net revenue earned by the company during the year. Net sales growth – YoY Sales growth reported by the company during the year. EBITDA - Operating profit earned during the year. EBITDA % - Operating profit margin. PAT - Net Profit reported by the company. EPS - Earning per share during the year. RONW (%) - Return on net worth. ROCE (%) - Return on Capital Employed
Quarter End • • • • • •
Qtr End - The first two digits show the year while the last 2 digits show the calendar month. E.g. 0903 show March 2009 results. Net Sales - Net revenue earned by the company during the quarter. Net sales growth - YoY Sales growth reported by the company during the quarter. EBITDA % - Operating profit margin. PAT % Profit after tax margin. EPS Un-annualised earning per share during the quarter.
Current Data • • • • •
CMP - Current market price is the closing price as on the particular day. 52 W H - 52 high price of the stock on BSE. 52W L - 52 low price of the stock on BSE. Market Cap. - Market Capitalization is calculated by multiplying the number of equity shares outstanding by the current market price. Promoters Holding Latest Promoter’s holding
Investment Monitor Oct, 2010
Stock Market Moitor
Quarter End
Year End
Company Abrasives And Grinding Wheels Carborundum Uni. Grindwell Norton Orient Abrasives Wendt India Air-conditioners Blue Star Fedders Lloyd Hitachi Home Lloyd Electric Aluminium and Aluminium Products Ess Dee Alumin. Hindalco Inds. Natl. Aluminium Parekh Aluminex Auto Ancillaries Amtek Auto Amtek India Auto.Corp.of Goa Autoline Inds. Automotive Axles Bosch Denso India Exide Inds. Fairfield Atlas Federal-Mogul Go Fiem Inds Gabriel India Halonix Hi-Tech Gears Hind.Composites IMPAL India Nipp.Elec. Jamna Auto Inds. Jay Bharat Mar. L G Balakrishnan Lumax Auto Tech. Lumax Inds. Minda Inds. Motherson Sumi Munjal Showa Pricol Rane (Madras) Setco Automotive Shivam Autotech Sona Koyo Steer. Steel Str. Wheel Subros Sundaram Clayton Suprajit Engg. Ucal Fuel Sys. WABCO-TVS India Wheels India Z F Steering Automobiles - LCVs / HCVs Ashok Leyland Eicher Motors Force Motors Swaraj Mazda Tata Motors Automobiles - Motorcycles / Hero Honda Motor Kinetic Engg. TVS Motor Co. Automobiles - Passenger Cars Hind.Motors Maruti Suzuki Automobiles - Scooters And 3 Bajaj Auto Mah. Scooters Scooters India Automobiles - Tractors Escorts H MT M&M VST Till. Tract. Banks - Private Sector Axis Bank City Union Bank Dev.Credit Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IndusInd Bank ING Vysya Bank J & K Bank Karnataka Bank Karur Vysya Bank Kotak Mah. Bank Lak. Vilas Bank South Ind.Bank Yes Bank Banks - Public Sector Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maha Canara Bank Central Bank Corporation Bank Dena Bank IOB IDBI Bank Indian Bank Oriental Bank Punjab Natl.Bank SBT St Bk of Bikaner St Bk of India St Bk of Mysore Syndicate Bank UCO Bank Union Bank (I)
Year End 201003 201003 201003 201003 201003 200906 201003 201003 200903 201003 201003 200903 200906 200906 201003 201003 200909 200912 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200909 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003
Equity
Net Sales
60.32 18.67 27.68 11.97 2 102.73 17.99 30.77 22.96 31.01 876.44 27.82 191.37 644.31 12.94 682.47 28.2 22.43 6.42 12.2 15.11 31.4 27.88 85 27.32 55.63 11.96 7.19 28.02 9.38 5.5 4.16 8.08 36.54 10.83 7.85 11.63 9.35 10.51 37.46 8 9 10.16 8.82 10 19.87 13.07 12 18.97 12 22.11 9.48 9.87 9.07 743.95 133.03 12.66 13.18 14.48 570.6 74.06 39.94 10.37 23.75 305.76 161.26 144.5 199.1 144.68 11.43 42.99 1142.7 90.71 760.35 282.95 8.64 4118.8 405.17 39.96 199.99 64.12 171.03 457.74 1114.89 410.65 119.97 48.49 133.99 54.44 348.14 97.51 113.01 339.67 8860.6 446.7 485 365.53 525.91 430.52 410 404.14 143.44 286.82 544.8 724.86 429.77 250.54 315.3 50 50 634.88 36 521.97 549.36 505.12
1820.61 738.12 702.36 324.04 56.09 4301.42 2524.97 460.22 639.71 676.52 25286.42 401.48 19408.02 5055.66 421.26 28269.02 1052.46 720.6 233.36 279.61 266.31 4809.53 736.33 4213.47 89.1 759.97 294.19 696.99 442.33 322.01 89.9 358.09 169.08 557.6 803.21 552.38 227.03 634.16 445.85 1704.88 988 779.37 419.66 212.52 194.16 850.3 317.31 905.45 492.67 208.85 393.54 591.26 1241.37 216.12 45041.3 7407.23 375.07 956.03 716.76 35586.21 20170.27 15758.18 48.98 4363.11 29713.88 614.98 29098.9 11641.61 11508.5 4.14 128.97 21044.24 2158.44 191.64 18349.62 344.54 79410.16 11638.02 956.61 459.4 534.57 3673.24 16172.9 25706.93 2706.99 2232.89 3056.88 2043.42 1757.94 3255.62 909.32 1935.72 2369.71 287508.6 8369.2 6372.87 16698.34 17877.99 4735.56 18751.96 12064.31 7294.6 4010.36 10245.77 15272.63 7857.06 10257.13 21466.91 4378.12 3977.22 70993.92 3558.92 10047.18 9526.32 13302.68
Growth (%) 12.21 39.88 7.2 9.19 0.89 3.19 36.07 15.58 43.14 7.51 -0.76 41.07 -17.93 -26.2 -28.04 19.46 -64.34 4.51 38.76 11.79 -21.02 10.83 34.16 34.08 15.17 9.92 16.3 19.14 32.18 23.24 16.12 8.82 40.78 21.24 12.57 31.66 19.12 21.24 19.07 30.11 35.95 22.67 21.68 30.39 0.06 27.73 30.97 38.81 10.05 30.11 21.46 -45.69 27.39 32.52 39.2 27.92 -23.84 18.86 -2.7 42.27 36.41 65.6 5.52 8.34 19.61 41.95 25.68 7.41 18.92 -28.8 30.89 10.79 -0.98 -17.32 17.21 -0.31 2.87 4.86 21.57 6.21 38.28 14.75 18.4 13.64 18.57 10.65 9.36 10.35 9.54 15.39 20.23 16.33 6.27 32.29 15.03 15.82 12.23 6.18 4.38 11.3 9.6 5.48 17.3 11.89
EBITDA 393.57 143.38 148.07 84.77 17.35 493.3 319.74 30.13 70.31 73.12 4953.15 106.89 3213.92 1559.66 72.68 5332.23 392.53 192.3 0.76 37.97 36.1 1098.24 44.34 904.55 20.03 121.87 28.25 71.41 12.19 48.47 578.66 37.29 29.52 61.16 83.17 79.05 12.83 51.75 58.88 357.93 73.86 95.59 34.83 39.42 46.47 93.16 45.96 94.01 73.1 42.29 58.03 135.74 91.16 49.36 6177.48 850.73 57.15 101.76 58.2 5109.64 3294.12 3025.3 14.76 254.06 4446.41 -4.59 4451 2536.5 2550.04 7.44 -20.98 3667.2 210 17.46 3374.38 65.36 69135.67 10719.21 887.31 260.06 432.03 3172.14 12469.83 23554.39 2398.52 1817.71 2766 1919.67 1641.55 2298.56 708.71 1751.47 2338.51 253792.6 7553.04 5715.83 15227.78 14717.16 4083.23 17047.99 11147.3 6812.53 3624.74 8168.62 14140.91 6992.68 9039.76 19069.46 3908.64 3505.22 62180.06 3068.36 8569.57 8247.94 12103.33
EBITDA (%) 18.31 19.87 24.54 29.05 12.5 6.43 10.26 10.7 25.1 15.71 29.36 17.25 37.3 26.69 0.31 12.57 12.41 19.77 5.56 19.92 17.59 15.81 8.97 9.5 2.67 14.1 14.7 10.41 16.03 10.09 9.46 13.4 5.42 7.62 11.91 19.58 6.96 11.45 7.76 17.63 22.43 9.67 12.85 9.56 13.67 18.76 13.62 21.17 6.84 21.05 10.59 14.01 9.46 7.51 11.12 18.03 -11.11 6.13 -8.62 13.93 21.04 166.07 -15 9.65 9.04 16.74 18.95 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
PAT [Latest] 206.5 58.01 87.51 51.16 9.82 303.32 211.48 11.32 46.14 34.38 2834.45 66.46 1915.63 814.22 38.14 2569.27 152.23 54.06 -2.14 13.51 9.66 590.65 18.89 537.09 15.09 46.09 10.75 24.04 -19.27 17.85 475.21 24.8 19.92 15.89 21.01 24.83 6.77 5.92 15.17 178.47 24.61 25.48 13.81 17.8 11.55 21.65 7.79 28.09 12.36 21.81 7.63 78.59 12.95 28.66 2783.16 423.67 37.53 60.42 21.46 2240.08 2322.19 2231.83 2.35 88.01 2446.5 -51.1 2497.6 1683.14 1702.73 8.41 -28 2166.9 89.73 -52.91 2087.75 42.33 12961.71 2514.53 152.76 -78.45 23.3 464.55 2948.7 4024.98 350.31 242.22 512.38 167.12 336.03 561.11 30.67 233.76 477.74 37066.78 1206.33 1045.85 3058.33 1741.07 439.58 3021.43 1058.23 1170.25 511.25 706.96 1031.13 1554.99 1134.68 3905.36 684.27 455.16 9166.05 445.77 813.32 1012.19 2074.92
EPS
ROCE
RONW
Qtr End
5.96 11.85 4.11 44.95
14.94 31.7 38.28 31.94
14.25 21.29 38.74 21.34
201006 201006 201006 201006
22.18 3.51 19.85 10.92
63.73 11.08 32.36 10.86
49.25 8.1 36.74 8.9
201006 201006 201006 201006
23.55 9.79 12.21 29.05
22.03 7.66 12.3 14.6
17.87 7.41 8.08 15.35
201006 201006 201006 201006
10.71 4.79 0 11.07 5.93 183.01 6.44 6.16 5.52 8.29 8.57 3.2 0 18.26 862.33 56.97 23.4 4.35 9.45 30.55 5.57 5.83 13.71 4.47 5.81 2.76 12.82 19.68 11.3 1.04 5.96 4.57 2.93 1.75 3.28 41.03 12.37 30.18
5.06 5.72 -2.57 8.37 7.62 19.96 13.67 43.2 11.71 17.69 13.53 17.44 -0.29 31.82 3.94 32.46 17.85 22.61 29.54 20.57 21.11 7.47 16.96 28.6 17.88 13.43 20.23 24.87 11.69 16.52 9.06 16.33 6.44 32.71 7.98 45.31 10.1 27.58
6.1 3.72 -1.64 7.46 5.61 16.25 9.39 31.53 37.44 15.89 12.12 17.07 -14.56 32.03 2.92 23.49 13.76 17.28 25.17 16.61 17.87 5.04 21.89 31.63 14.23 15.21 17.99 31.76 14.22 12.44 7.18 14.36 5.1 33.26 3.28 33.59 6.59 22.78
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
2.94 28.96 45.33 14.14 36.93
14.92 10.41 14.58 16.77 11.36
19.06 8.63 23.66 14.99 11.59
201006 201006 201006 201006 201006
93.18 3.02 3.52
76.48 -6.33 10.6
61.43 -45.34 13.3
201006 201006 201006
0 85.43
0 31.95
0 23.58
201006 201006
111.05 6.44 0
64.16 3.2 0
70.98 4.2 0
201006 201006 201006
9.72 0 35.58 47.74
11.78 0 30.06 53.37
8.02 0 31.96 38.9
201006 201006 201006 201006
60.06 3.7 0 3.46 26.33 62.43 34.63 8.23 19.76 101.93 11.79 59.69 16.18 3.05 20.02 13.81
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19.15 20.55 0 5.39 10.32 16.12 7.96 19.49 12.69 18.19 9.83 22.63 13.29 5.14 16.98 20.27
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
26.07 20.73 81.18 31.96 9.87 71.99 24.27 78.78 17.49 12.38 13.79 34 43.74 120.17 134.13 88.58 140.65 122.16 15.08 18.03 40.14
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22.21 25.96 21.86 14.16 19.67 26.76 25.61 21.93 23.55 11.5 13.16 24.98 16.48 26.59 26.88 20.39 14.8 23.81 16.57 31.6 26.16
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
Net Sales 475.61 194.13 178.61 85.84 17.03 1375.3 659.82 222.22 281.55 211.71 6770.78 123.07 5145.51 1291.7 210.5 8777.45 366.42 268.31 77.51 96.14 196.17 1656.08 206.33 1151.68 34.49 219.41 93.12 210.72 94.83 92.23 24.6 104.66 52.93 172.27 224.79 157.13 74 174.45 190.94 542.49 285.32 189.99 129.97 52.21 59.23 216.46 148.36 233.98 164.72 61.13 108.71 196.67 384.31 64.69 13292.06 2347.98 106.81 293.4 192 10351.87 5658.71 4264.61 24.53 1369.57 8238.86 148.47 8090.39 3764.14 3737.29 1.37 25.48 6065.22 806.21 41.51 5124.17 93.33 20774.98 3325.59 267.22 119.94 167.98 951.79 4420.15 5812.54 771.54 587.64 865.7 544.63 492.08 920.8 248.07 540.12 739.19 78138.54 2403.12 1865.05 4726.96 4821.72 1280.21 5160.88 3410.82 2027.75 1114.68 2667.52 4288.98 2121.79 2830.82 5991.86 1173.43 1087.53 18452.12 963.66 2604.36 2672.85 3685.67
Investment Monitor Oct, 2010
Growth (%)
Ebitda (%)
Current Data PAT (%)
EPS
CMP
19.49 40.2 10.04 72.02
32.7 19.19 25.77 32.18
18.41 11.54 14.18 18.97
3.83 3.72 1.02 16.15
228.7 219.3 31.7 933.9
24.56 23.52 33.91 13.3
9.35 11.12 8.87 10.55
5.63 6.28 5.16 5.59
4.13 4.54 6.33 3.82
500.6 95.3 331.6 71.25
20.27 33.02 40.16 67.05
34.27 17.52 37.43 16.99
22.19 10.39 21.99 7.43
9.81 2.79 4.41 12.07
491.8 197.25 409 475.35
45.3 41.72 163.01 78.3 197.68 35.56 28.39 27.52 94.09 16.95 49.42 37.77 -8.76 22.92 8.71 29 37.37 85.36 27.84 32.44 76.23 14.2 62.35 56.24 24.23 15.72 42.78 42.46 42.72 15.7 80.16 11.64 75.81 39.03 40.33 104.18 70.3 68.77
35.25 28.33 7.72 14.34 14.31 20.27 3.13 23.39 16.96 12.42 10.34 9.36 6.16 17.36 29.31 8.91 17.66 10.86 9.54 12.32 8.65 8.48 13.31 14.66 7.14 13.94 7.72 21.01 27.74 10.63 13.74 9.17 11.55 17.6 15.84 22.3 7.09 29.77
9.6 6.89 4.13 8.32 7.42 12.66 0.68 14.36 7.22 3.98 4.32 4.07 0.3 7.9 17.72 5.85 12.13 2.51 2.46 5.42 4.93 2.75 5.61 5.39 2.88 4.9 3.55 10.06 7.85 2.56 4.87 3.04 1.41 9.82 3.26 14.23 0.74 18.26
1.74 1.47 4.99 6.56 9.63 66.8 0.51 1.95 0.91 1.57 3.36 1.2 0.1 7.77 7.93 14.71 7.95 1.18 2.55 10.86 3.13 5.13 10.2 0.77 2.06 1.03 4.53 5.95 4.65 0.28 5.3 1.19 0.61 0.5 1.6 14.75 2.88 13.01
170.2 63.75 360.25 218.55 482.5 6162.8 106.5 165.9 65.75 161.35 164.15 63.2 134 207.85 498.75 685 256.4 162.05 71.85 299.85 181.65 309.75 369.8 176.6 58.95 28.25 149.65 122 151.7 20.3 269.05 49.7 221 20.45 86.5 1074.95 295.35 467.75
155.75 18.64 55.52 23.08 63.03
10.23 28.29 11.78 5.94 11.2
5.22 20.63 3.73 2.66 3.82
0.92 8.24 8.31 3.5 6.88
73.6 1211.25 719.9 306.1 1083.7
11.9 72.99 40.38
15.38 5.06 6.86
11.53 -10.15 2.95
24.62 0 1.7
1857.65 161.5 71.95
22.92 27.11
-9.54 11.03
-13.29 5.75
0 16.11
23.85 1478.15
65.44 87.67 7.19
22.97 -62.04 -11.7
15.79 -81.02 -22.1
40.8 0 0
1458.55 415.5 40.7
38.52 4.17 21.15 16.82
9.64 -21.2 15.54 17.4
5.69 -42.3 10.98 10.54
4.86 0 9.94 11.38
210.25 74.1 694.15 556.75
14.46 17.06 -3.41 39.36 8.85 7.99 -18.52 22.69 0.77 12.2 14.11 20.93 20.01 18.28 16.09 37.97
88.07 88.85 62.38 75.4 77.79 72.68 89.66 85.25 77.31 82.95 89.34 91.05 72.96 80.15 85.25 96.52
22.31 16.6 -2.43 3.59 13.85 18.36 17.65 15.37 11.76 16.79 8.53 17.17 20.3 9.43 10.82 21.15
18.26 1.11 0 0.94 7.71 17.7 9.2 2.89 5.76 29.98 3.47 15.52 5.37 2.4 5.17 4.59
1505.6 46 57.6 180.3 388.8 2438.95 1114.8 260.25 363.15 795.7 175.7 558.9 486.2 133.2 24.3 345
19.67 23.95 17.23 10.14 14.42 13.22 21.71 16.39 15.1 3.48 23.91 12.85 17.74 16.42 9.31 10.55 5.61 10.36 2.62 14.64 15.51
87.65 85.1 87.7 85.15 80.72 91 81.04 89.95 85.22 77.46 87.83 79.61 83.65 82.4 84.88 79.56 85.26 78.43 76.53 75.11 86.39
14.45 17.18 18.18 15.04 9.25 19.64 9.87 16.46 12.45 7.51 5.85 17.35 12.83 17.83 12.77 9.48 15.79 11.56 10.19 9.74 16.32
7.77 6.61 23.59 13.81 2.75 24.72 7.72 23.27 4.84 3.68 3.46 8.29 14.5 33.88 29.96 20.63 45.9 30.94 5.08 4.74 11.91
229.25 163.3 873.05 496.15 69.9 580.45 198.15 684.15 108.85 134.85 153.4 271.35 458.2 1300.4 896.05 716.75 3179.9 942.6 116.6 114.9 380.05
52 WL 3914.86 2134.91 1214.04 379.13 186.78 5778.37 4502.9 293.24 761.35 220.88 66165.43 1450.32 37747.73 26352.28 615.1 57325.21 3559.73 859.35 231.28 266.63 729.06 19351.19 296.92 14101.5 179.63 897.59 196.32 453.78 375.47 194.96 274.31 284.96 207.17 635.24 155.48 235.38 211.26 289.62 388.66 6843.25 235.8 254.25 152.04 215.21 151.7 403.36 366.45 298.2 838.47 245.4 191.25 2038.11 291.51 424.72 76290.98 9791.01 3247.36 948.83 442.93 61860.85 40683.09 37097.27 167.48 3418.34 43091.1 384.39 42706.71 42854.49 42204.6 474.92 174.97 48516.06 2220.66 5634.19 40180.18 481.03 390692.43 61554.95 1847.82 1152.4 1534.71 6649.65 112825.83 127960.09 10702 4373.05 3857.55 2355.61 4259.38 35657.91 1304.56 2746.14 11910.78 463922.18 10240.6 7920.05 32040.94 26056.31 3009.33 23798.45 8008.03 9813.45 3122.04 7346.63 15100.85 11661.81 11479.74 41001.61 4480.25 3583.75 201920.47 4411.37 6086.17 6312.15 19197.09
52 WH
M Cap
Pr. Holding%
134 116.1 20 541.35
238 237.5 37.25 1040
43.04 58.63 53.43 79.74
325.05 39.15 91.25 43.8
553.65 115.95 402 92.65
40.13 37.87 69.9 34.62
300.8 106.75 331.5 99.4
534.9 199.45 525.9 516.7
59.41 32.08 87.15 37
152.25 45.1 170 103.15 252.45 4053.6 62.3 88.25 27.5 97 70 21.85 73.15 87.05 300 327.2 179 42 44 149 42.85 152.1 168.75 102 42.6 10.85 50.05 71.05 66 14.25 76.5 34.4 94 8.01 50.5 357.1 151 152.55
239.3 78 395.6 227.8 534.85 6500 116.9 169 77.85 182 184.5 67.6 166.5 217.75 550 790 270 172 86 307.7 196.9 330 392 201 69.8 33.95 169.2 139.8 170 24.35 300 55.75 259 23 109.8 1316 370 519
31.38 40.21 48.68 26.74 71.04 71.18 73.47 45.99 83.91 74.98 67.87 54.63 66.06 54.8 67.11 48 66.39 44.75 58.57 45.59 53.88 73.68 69.84 65.19 65.01 35.83 55 63.63 74.8 52.65 53.98 40.01 80 51.06 70.49 75 85.7 73.15
39.25 476 153.25 183.72 519.5
78.75 1335 719.9 389.9 1091.7
38.61 55.67 51.75 54.96 37.02
1452 63 26.13
2094 183 80
52.21 52.78 60.45
17.75 1171
29.4 1740
27.22 54.21
684 157.15 17.6
1525 494.9 50.45
49.65 51 95.38
99 54.3 423.5 257.33
221 106.4 744.7 619.5
27.88 98.88 26.31 54.78
889.25 18.12 27.5 123.55 218 1550 756.25 108.1 235 540 108.45 235.54 336.33 70.4 11.75 184
1580 49.35 59.1 198.95 394.8 2503.9 1135 275 376.3 916 188.85 639.15 505.5 142.8 25.35 346.5
37.73 0 23.09 0 0 23.63 0 22.15 44.66 53.17 0 3.57 48.17 9.73 0 27.05
104.4 94.65 461 308.85 40.8 304.95 119.3 398 54.7 84.8 105.85 145.5 222.1 775.65 510 403.5 1863 484.93 77 47.9 232.5
236.9 169.5 905.3 508.85 77 595.3 207.4 745 116.5 144 155.5 273.45 476.75 1326 1080 874 3199 1267 122.8 120.35 392.95
55.23 51.55 53.81 64.47 76.77 73.17 80.21 57.17 51.19 61.23 52.67 80 51.09 57.8 75 75 59.41 92.33 66.47 63.59 55.43
21
Stock Market Moitor
Quarter End
Year End Company United Bank (I) Vijaya Bank Bearings ABC Bearings Fag Bearings NRB Bearings SKF India Timken India Breweries & Distilleries Balaji Distill. Empee Distill. Globus Spirits Jagatjit Inds. Khoday India Millennium Beer Radico Khaitan Som Distilleries Tilaknagar Inds. United Breweries United Spirits Cables - Power Cable Corpn. Diamond Power Finolex Cables KEI Inds. Universal Cables Cables - Telephone Aksh Optifibre Bhagyanagar Ind Sterlite Tech. Vindhya Telelink Castings & Forgings Ahmednagar Forg. Bharat Forge Electrost.Cast. Hinduja Foundrie Jayaswal Neco KIC Metaliks M M Forgings Mahindra Forg. Ramkrishna Forg. Cement - North India ACC Ambuja Cem. Binani Cement Birla Corpn. Guj. Sidhee Cem. Heidelberg Cem. J K Cements JK Lakshmi Cem. Mangalam Cement OCL India Prism Cement Sanghi Inds. Sh. Digvijay Cem Shree Cement UltraTech Cem. Cement - South India Andhra Cements Bheema Cements Chettinad Cement Dalmia Cement India Cements KCP Madras Cement Rain Commodities Sagar Cements Cement Products Everest Inds. Hyd.Industries Indian Hume Pipe Ramco Inds. Sahyadri Inds. Visaka Inds. Ceramics - Tiles / Sanitaryware Cera Sanitary. HSIL Kajaria Ceramics Nitco Somany Ceramics Chemicals Aarti Inds. Andhra Petrochem BASF India BOC India Castrol India Clariant Chemica Deepak Nitrite Elantas Beck Ellen.Indl.Gas Foseco India Godrej Inds. Grauer & Weil Guj Fluorochem Gulf Oil Corpn. Hind.Organ.Chem. India Glycols Jayant Agro Org. Natl. Peroxide Navin Fluo.Intl. NOCIL Panama Petrochem Phillips Carbon Pidilite Inds. Solar Inds. Sterling Biotech Tide Water Oil Vivimed Labs. Chlor Alkali / Soda Ash Aditya Bir.Chem. GHCL Guj Alkalies Kanoria Chem. Standard Inds. Cigarettes
22
Current Data
Year End
Equity
Net Sales
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
20100 3 201003
316.43 433.52 154.31 1 1 .5 5 1 6 .6 2 9.69 5 2 .7 3 63.72 497.38 143.02 19.01 19.76 46.15 37.59 5.48 26.37 1 8 .1 3 2 .3 1 24 125.59 150.26 62.7 21.05 30.59 12.79 23.13 127.01 30.3 13.79 71.1 11.82 489.43 34.92 44.54 32.68 18.68 236.65 5 .6 1 2 .0 7 8 7 .8 6 16.43 2337.3 187.94 304.74 203.1 77.01 144.67 226.62 69.93 61.19 26.69 1 1 .3 9 5 0 3 .3 6 219.98 141.38 34.84 124.49 640.89 1 3 9 .0 3 26.48 29.5 16.19 307.17 12.89 23.8 70.83 15 61.3 14.82 7.49 4.84 8.67 9.56 1 5 .9 2 67.89 3.14 11.01 14.72 32.12 6.9 927.37 38.36 84.97 40.77 85.28 123.64 26.66 10.45 7.93 6.55 6.39 31.76 22.67 10.99 14.87 67.27 27.88 7.5 5.75 10.1 160.79 4.76 28.25 50.61 1 7 .3 2 2 5 .0 2 0 .8 7 9.96 257.16 23.39 100.02 7 3 .4 4 2 8 .1 5 32.16 425.25
5248.94 5200.65 3202.46 160.53 799.31 346.61 1574.97 321.04 11561.59 1484.33 567.81 265 680.05 112.24 285.49 828.92 72.94 351.73 1984.15 4928.93 3750.38 128.79 600.78 1618.72 908.74 493.35 2815.33 8.31 174.53 2431.63 200.86 7075.09 500.77 1814.44 1428.77 391.3 1782.1 415.23 158.44 300.28 283.76 40335.73 7942.66 7040.7 1851.05 2155.14 645.78 936.14 1826.78 1490.5 613.69 1374.2 2837.98 665.58 263.53 3642.32 7049.68 12069.67 294.54 83.3 1356.3 2154.26 3687.26 371.95 2800.89 841.6 479.57 3325.33 652.53 703.69 560.44 528.61 281.93 598.13 2701.07 191.32 788.74 735.53 449.1 536.38 20608.76 1284.05 137.15 1382 804.06 2396.18 924.58 532.36 195.19 47.15 125.34 813 246.75 985.66 976.06 476.98 1109.24 879.25 122.09 429.1 435.99 367.2 1232.57 1929.74 475.71 1438.17 652.6 210.59 3143.59 221.86 1215.86 1277.63 421.18 7.06 20095.01
21.73 -0.71
4366.78 4501.66 452.76 37.46 120.36 66.43 172.84 55.67 1630.86 31.76 42.78 51.68 46.92 15.28 11.67 150.07 10.05 79.66 294.9 896.09 373.92 -0.85 84.75 145.09 76.34 68.59 439.34 -6.93 21.61 403.83 20.83 1397.75 110.56 447.71 406.62 59.08 322.2 17.89 29.77 -43.33 4 7.25 12542.56 2741.11 2122.72 578.17 843.33 100.6 204.96 466.19 465.88 211.45 419.72 500.62 182.96 44.15 1567.44 2093.26 3307.79 12.28 29.03 513.21 511.65 907.08 110.53 878.07 259.48 86.46 602.02 70.03 157.54 80.42 119.54 57.33 117.16 401.08 38.52 154.81 120.61 28.08 59.06 4082.85 203.93 4.87 178.03 137.7 611.27 183.07 56.16 49.81 15.08 22.69 168.79 37.23 508.23 103.78 -33.33 155.46 29.99 33.64 135.88 57.9 26.79 204.23 407.84 68.69 576.43 97.44 41.25 798 94.82 303.56 286.07 101.98 11.57 7030.15
0 0
322.36 507.3 237.27 20.54 65.54 24.41 94.25 32.53 590.54 -5.35 17.09 28.92 6.46 -3.49 -7.26 41.54 6.52 33.12 96.97 376.02 119.41 -32.36 52.77 57.63 14.23 27.14 257.14 -13.85 13.34 246.07 11.58 375.11 35.92 127.05 206.29 0.35 69.85 9.07 10.42 -94.73 10.89 6750.29 1606.73 1218.37 281.92 557.18 57.29 134.04 226 241.13 118.81 163.7 251.05 89.03 35.7 676.1 1093.24 1238.59 47.68 15.46 96.63 136.99 354.34 60.02 353.68 154.67 19.12 286.49 30.01 89.72 28.57 53.59 27.39 57.21 119.63 19.61 52.43 35.85 -8.71 20.45 2082.63 70.11 -5.38 96.81 53.24 381.06 108.14 20.01 31.62 4.18 12.51 80.93 16.42 334.16 45.07 -83.08 20 7.84 16.2 74.36 34.02 11.68 122.69 289.12 31.27 235.32 57.79 16.54 410.23 60.74 140.95 171.84 27.97 8.73 4230.09
9.29 10.47
0 0
11.69 18.96
201006 201006
20.81 7.06
76.5 85.82
7.5 12.85
3.41 4
117.9 83.05
119.6 87.95
84.2 53.87
24.69 25.97 16.37 23.53 14.47
20.22 16.96 13.48 15.37 10.38
201006 201006 201006 201006 201006
59.95 39.15 33.63 33.53 65.21
19.97 20.65 24.72 15.17 22.92
12.24 12.48 12.2 9.6 14.31
5.13 20.36 2.5 9.2 2.74
162.55 830.75 52.75 597.05 155.9
53.2 425 23.63 247 97
180.7 873.8 61.5 630 179
32.08 51.33 73.75 53.58 80.02
0 7.97 14.47 1.4 0 0 3.05 3.6 9.79 3.62 29.53
0 11.71 37.51 7.44 5.25 0 12.72 13.74 18.92 11.71 11.81
0 7.21 26.15 2.23 -3.85 0 10.25 19.11 34.66 10.25 8.33
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
10.71 -10.82 16.69 49.02 13.22 26.34 22.99 67.75 18.57 37.22 17.82
9.43 9.66 13.84 22.2 0.2 6.85 14.84 11.57 21.76 20 19.68
4.49 5.9 8.54 14.51 -19.93 3.34 6.87 8.18 5.32 9.82 8.27
0.69 6.19 3.19 7.77 0 0.62 1.22 1.97 4.6 3.08 9.64
48.2 149.25 176.3 114.1 70.1 28.8 172.6 97.75 251.8 425.45 1566.75
25 104.3 74.05 53.85 46.75 13 103 18.05 57 122 886.1
50.9 178 197.4 122.25 82 35.4 183.9 105.75 272.5 479.95 1663
12.4 71.83 59.81 37.62 89.54 88.95 37.82 13.57 60.17 74.98 29.16
0 24.9 3.67 2.19 11.31
0 22.16 18.98 10.97 13.84
0 30.75 16.97 6.79 11.85
201006 201006 201006 201006 201006
62.43 124.65 51.84 30.96 5.64
-1.24 14.54 8.61 7.55 10.08
-22.4 8.18 4.72 0.56 3.63
0 11.13 1.5 0.2 1.88
31.1 230.9 58.95 38.9 110.95
16.7 113.4 44.3 27.7 73
43 257.95 71.3 42.75 131
75 43.89 35.13 38.86 52.92
0 1.87 6.84 9.8
0 5.38 29.73 6.23
0 5.87 32.02 5.19
201006 201006 201006 201006
-96.92 29.78 12.74 21.68
-487.97 12.18 17.99 8.24
-511.28 5.03 11.3 2.73
0 0.35 1.56 0.94
21.9 23.4 98.6 427.4
14.85 22.1 51.4 165
28.6 31.5 124.2 494.8
21.77 65.08 50.23 43.52
10.11 5.53 6.1 0.19 2.95 16.2 8.38 0 6.46
12.47 8.49 13.56 6.99 14.66 13.73 8.55 0 11.31
8.1 8.43 13.86 0.97 13.87 58.72 10.45 0 9.84
201006 201006 201006 201006 201006 201006 201006 201006 201006
58.05 73.08 -3.49 65.52 13.52 62.93 71.31 12.55 52.66
27.88 27.06 20.27 11.69 13.44 10.05 19.84 11.07 16.69
10.85 9.77 8.36 1.28 3.79 6.5 8.8 0.06 4.13
5.39 2.59 0.92 0.39 0.71 12.48 4.05 0.01 1.94
124.9 360.7 47.8 123.6 38.05 314.6 124.3 105.35 177
55.2 232 36.8 90.55 18.35 28.5 50.5 68.25 71.5
147 374.45 56.15 137 51.15 330 128 145.4 184
54.96 42.06 48.35 70.38 69.57 48.2 60.99 50.68 51.37
81.59 7.59 13.29 71.35 2.64 5.72 31.31 19.28 43.52 28.08 4.63 4.05 3.37 191.88 86.82
40.01 29 32.8 38.91 32.72 25.64 20.98 22.7 53.44 20.37 31.2 5.86 18.01 30 28.53
29.36 20.07 48.96 36.38 26.35 20.21 22.64 27.18 35.43 22.49 27.41 12.77 33.33 44.43 26.64
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
-2.91 10.83 -18.17 17.23 -14.25 -12.79 21.82 -7.76 -14.3 2.97 4.56 9.2 -21.5 2.4 -8.34
30.32 32.72 23.41 33.61 10.14 19.23 18.02 17.96 25.02 29.75 16.04 22.97 14.95 32.34 25.37
17.76 19.11 9.95 20.57 4.86 10.65 5.65 5.19 15.4 11.7 7.74 2.23 9.61 11.22 13.56
19.12 2.57 2.1 15.36 0 1.13 4.22 1.37 7.66 7.43 1.14 0.21 0.53 30.41 19.5
1010.35 145.15 80.5 401.25 15.4 49.9 170.2 63.35 154 138.65 60.2 27.85 14.9 2048.25 1021
686.2 81.8 60 275 13.05 33.1 116.3 51.15 111.55 100.25 36.5 21.65 13.75 1372 699.8
1032 150.25 92.4 422.2 19.5 64.95 201.5 84.85 218 147.95 65.55 37.65 22 2542.2 1172.2
46.2 46.4 64.91 62.9 35.39 68.55 65.32 44.19 25.49 69.77 74.87 51.01 73.63 65.53 54.78
3.43 5.66 32.76 16.59 11.2 44.2 14.52 21.21 12.41
1.3 9.38 13.79 9.84 12.72 24.47 17.46 18.75 13.64
24.21 9 15.97 10.83 10.91 22.56 25.1 20.8 9.58
201006 201006 201006 201006 201006 201006 201006 201006 201006
-61.93 -17.01 -7.53 3.2 -7.63 -5.04 -6.07 -17.28 -5.75
1.7 28.53 34.18 11.46 13.28 22.59 28.32 29.73 10.72
-6.54 3.71 5.94 -3.37 2.84 12.34 10.41 17 0.41
0 0.23 5.25 0 0.81 6.43 3 4.53 0.35
19.25 138.35 524.85 72.9 116.25 32.55 116.85 167.3 145.1
17.25 41.3 390.2 50 97.1 24.4 91 131.8 136
35 140.95 639 279 143.15 37.46 140 255.7 225
69.62 74.01 85.03 57.95 25.18 46.26 42.01 42.48 44.16
19.49 117.08 57.33 6.04 28.15 35.09
16.08 48.74 19.74 16.27 32.31 26.19
18.47 41 16.2 17.67 40.14 27.02
201006 201006 201006 201006 201006 201006
12.1 4.1 23.11 -1.7 0.75 -1.6
14.13 21.12 11.27 27.39 20.39 20.24
7.76 12.81 5.17 13.95 10.55 11.13
10.37 37.13 16.52 2.39 11.38 13.03
260.75 623.9 161.9 73.25 165.9 159.7
105.05 349.8 109.6 48.65 75 114.5
284.9 761.8 199.2 83 195.45 192.95
50.17 43.1 69.92 50.54 85.1 37.7
30.8 9.18 4.71 0 29.13
29.24 12.47 19.99 0.78 20.03
24.65 14.2 20.4 -1.7 28.08
201006 201006 201006 201006 201006
26.19 37.8 25.07 -10.7 32.88
21.86 18.68 16.04 10.26 11.01
11.78 6.27 5.8 0.99 3.63
9.52 2.46 1.54 0.39 6.96
168.15 139.65 74.45 66.8 257.05
60.88 51 37.15 40 98
186.15 153.95 79.7 71.85 293.9
54.02 60.49 51.33 48.47 63.28
8.71 0 22.42 5.99 26.57 36.31 18.32 39.12 6.21 18.04 2.3 7.11 29.82 5.76 0 6.92 5.01 26.47 71.25 2.01 22.79 42.6 5.46 16.86 9.32 655.98 16.36
19.2 -2.94 24.29 8.2 120.02 56.01 13.13 37.58 14.22 28.3 2.2 14.42 22.61 8.08 0 5.67 14.39 30.61 42.74 16.72 36.36 22.73 27.26 22.82 8.22 51.65 14.09
18.95 -3.27 15.48 5.09 78.52 37.02 9.84 25.76 21.26 22.09 -2.43 14.75 24.22 5.46 0 2.47 10.28 21.92 28.6 12.3 17.79 45.22 34.58 17.01 9.86 32.98 15.24
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
30.75 62.68 72.65 16.6 16.71 5.68 44.45 27.91 41.21 49.36 19.42 19.84 -18.53 -2.83 82.62 48.79 74.05 37.97 -11.5 8.96 104.78 60.77 21.63 6.95 10.72 5.81 13.28
15.28 19.75 12.53 19.24 31.42 22.51 9.46 20.61 32.35 19.13 15.16 17.04 42.38 9.46 9.18 10.09 4.54 45.8 30.9 13.01 10.94 13.33 24.87 14.9 40.51 15.08 21.99
5.68 5.91 7.4 9.74 20.2 14.08 3.82 13.5 5.27 11.24 5.93 9.8 23.43 4 1.05 -2.32 1.85 28.3 17.65 7.67 7.03 7.14 17.04 7.35 11.29 9.2 11.63
2.61 0.51 11.99 2.84 6.08 13.69 5.62 10.58 0.12 7.36 0.42 2.53 3.82 1.25 0.23 0 3.47 18.27 15.08 0.53 15.3 9.07 2.11 5.85 1.79 193.86 6.33
56.5 25.05 657.55 302.2 486.4 759.4 180.9 776.75 425 463.1 220.6 106.6 198.55 104.7 41.1 116.3 143 399.15 323.8 22.25 272.6 214.55 155.65 508.3 116.5 9642.95 333.35
40 11.5 296.6 160.05 244 349.9 112 370.25 239.85 305.1 136.6 54 122.55 58.2 30.55 102.6 62.3 193.05 249.1 19 116.25 133.7 71.88 316.45 90 4301 90.15
60.55 26 683 315 556.65 781 219.25 804 571.5 515 247.7 109.9 231 113.05 60 172.4 149.8 427 397.3 29.65 290 242.45 159.5 539.85 120.4 10699 350.9
49.92 42.98 71.69 89.48 71.03 63.4 55.93 88.55 42.63 75 79.1 68.31 70.01 49.03 58.78 52.11 59.93 68.59 37.22 32.83 54.08 45.83 70.57 74.6 35.59 26.22 53.39
25.72 13.76 22.9 4.81 1.23
24.16 9.01 9.98 8.07 6.61
22.95 11.75 13.04 6.89 5.49
201006 201006 201006 201006 201006
-1.14 18.41 -0.54 -6.74 0
43.33 27.39 18.13 17.89 -87.65
27.38 12.64 5.82 3.4 -107.41
6.89 4.31 2.59 0.66 0
118.55 49.3 125.65 32.6 46.05
3730.71 3600.38 6221.4 187.75 1380.71 511.15 3148.24 993.55 34995.1 255.56 283.58 348.37 526.57 263.93 157.82 2280.91 176.93 813.82 10210.8 19676.81 2379.25 195 777.21 901.64 248.77 256.63 4481.14 302.48 160.06 3512.13 506.47 13317.65 459.01 8397.1 1562.1 355.1 954.52 223.37 150.03 925.61 290.81 89343.91 18968.31 22144.08 1634.96 3090.03 222.71 1130.83 1190.21 775.15 431.66 788.92 3030.23 612.64 210.64 7136.1 27977.44 11416.71 281.09 366.35 2004.93 590.13 3570.97 419.57 2781.03 1184.99 217.65 2296.86 391.65 466.05 392.61 634.35 158.6 253.6 1920.49 212.54 768.08 547.95 214.56 177.36 47387.27 433.47 212.85 2680.83 2577.16 12027.7 2024.56 189.04 615.96 278.38 295.92 7006.26 241.66 2182.06 1038.1 276.07 324.24 214.5 229.51 327.04 357.76 159.2 712.74 7877.45 880.38 3053.47 838.94 332.02 2172.82 277.29 493.1 922.77 183.47 296.19 139556.33
66.1 40.9
17.04 38.67 4.71 17.2 5.11
1437.23 1349.53 1045.94 48.37 271.19 99.46 504.86 122.06 3441.1 192.42 199.48 73.64 233.8 30.75 102.2 233.72 66.53 69.98 775.63 1462.95 1260.56 41.11 381.61 486.71 231.18 119.95 581.83 1.33 47.72 491.76 41.02 2048.02 182.59 608.5 359.9 110.95 459.93 115.08 55.59 78.31 77.17 10492.77 2020.7 2047.56 429.04 574.89 95.04 241.67 521.8 323.59 132.76 361.31 722.58 209.1 78.34 944.55 1789.84 2930.7 40.7 16.44 337.45 565.96 880.69 72.88 697.24 188.89 130.45 1008.51 199.65 216.29 155.08 148.41 103.11 185.97 720.58 50.78 215.88 195.11 126.47 132.34 6229.24 352.76 72.96 659.84 248.45 744 259.3 154.09 62.15 14.22 41.82 225.97 58.58 179.09 232.57 148.47 331.78 280.9 37.1 86.28 111.69 127.15 401.82 626.37 137.96 395.98 183.68 54.26 837.79 58.83 340.92 326.8 109.62 1.62 5319.99
68.05 35.55 106.15 29.4 22.5
135.8 59.55 160 39.5 54.45
56.31 18.26 36.72 57.05 17.96
201003 200912 201003 200912 200912 201003 201003 201003 201003 200903 201003 201 003 200903 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 200906 201003 201003 201003 201003 201003 201003 201003 201003 200912 200912 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 200912 201003 201003 201003 200903 201003 201003 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200912 200912 200912 201003 200912 200903 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 20100 3
19.92 7.1 20.18 -3.22 -21.36 0.38 29.62 34.43 14.82 -7.1 21.89 19.92 34.28 45.26 17.43 20.53 36.87 23.44 20.66 -7.41 -15.38 -96.54 -7.96 6.22 -19.91 -23.66 -9.08 -22.27 7.71 10.09 325.35 -23.39 26.65 26.4 10.84 14.15 24.25 20.52 13.26 22.82 9.75 21.72 8.78 22.84 338.4 -17.46 -14.13 34.15 10.44 -20.17 119.56 19.22 22.85 9.76 6.53 14.03 -16.17 56.45 23.25 13.71 1.47 17.14 15.92 3.49 19.78 29.16 10.63 -32.58 21.41 -10.22 -44.01 23.76 50.75 5.91 0.48 -6.99 7.25 -6.08 -14.94 0.92 12.91 -5.56 5.77 -12.68 15.26 3.31 -9.53 2.14 -6.32 57.04 14.55 9.57 12.82 22.05 22.11 39.01 8.72 -1.9 -7.93 -14.36 -77.42
18.38 15.62 17.79 11.35 16.28 1.36 5.02 13.45 4.86 6.55 2.51 10.18 13.78 16.38 9.98 8.99 -0.62 13.76 12.1 7.84 11.4 -271.96 11.43 16.18 9.96 22.08 23.54 27.72 14.27 16.69 4.2 18.79 14.59 15.45 31.42 27.49 27.97 35.36 14.39 19.7 25.52 28.34 31.01 27.59 16.75 25.81 15.45 38.93 27.08 2.59 31.58 33.7 21.83 22.12 26.84 28.27 20.02 16.53 10.28 20.83 13.49 21.24 18.95 18.33 19.23 18.52 15.73 6.03 10.5 15.26 3.28 12.15 16.47 22.17 21.24 9.96 23.65 29.71 16.96 7.41 14.23 50.5 6.14 -6.4 10.34 3.41 25.53 30.77 12.59 6.59 15.19 20.17 13.69 35.77 12.96 19.59 39.33 23.79 20.66 19 163.88
Investment Monitor Oct, 2010
Stock Market Moitor
Quarter End
Year End Company Godfrey Phillips Golden Tobacco ITC VST Inds. Compressors / Drilling Equipment Atlas Copco (I) Elgi Equipment Ingersoll-Rand Kirl.Pneumatic Revathi Equipmnt Computers - Education Aptech Compucom Soft. Educomp Sol. Everonn Educat. NIIT Computers - Hardware CMC HCL Infosystems Moser Baer (I) Redington India Smartlink Netwr. Computers - Software - Converts Avance Tech. ICSA (India) Spanco Ltd Vakrangee Soft. Computers - Software - Large HCL Technologies Infosys Tech. MphasiS Oracle Fin.Serv. Patni Computer Polaris Soft. Satyam Computer TCS Tech Mahindra Wipro Computers - Software - Medium / 3i Infotech Accentia Tech. Aftek Allied Digital Aurionpro Sol. Axis IT&T Bartronics India Cambridge Sol. Coral Hub Datamatics Glob. eClerx Services Edserv Softsys. FCS Software Financial Tech. Firstsour.Solu. Genesys Intl. Geodesic Geometric Glodyne Techno. GSS America Hexaware Tech. Hinduja Global HOV Services IKF Technolog. Infinite Comp Infotech Enterp. Kale Consultants Kernex Microsys. KPIT Infosys. LGS Global Mastek Megasoft Micro Techno. Mindtree Net 4 India Newtime Infra. Nexxoft Infotel NIIT Tech. Nucleus Soft. Omnitech Info. Ramco Systems Religare Techno Rolta India Sasken Comm.Tec. Softpro Systems Sonata Software Sterling Intl Subex Take Solutions Tanla Solutions Tata Elxsi Zen Technologies Zenith Infotech Zensar Tech. Zylog Systems Construction Ackruti City Ahluwalia Contr. Ajmera Realty Anant Raj Inds. Ansal Properties Arihant Super. Ashiana Housing B.L.Kashyap Brigade Enterpr. C & C Constrn. CCCL D S Kulkarni Dev DLF Era Infra Engg. Gammon India Ganesh Housing Gayatri Projects Godrej Propert. HDIL Hind.Construct.
Current Data
Year End
Equity
Net Sales
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
201003 201003 201003 201003
10.4 17.59 381.82 15.44 76.31 22.56 6.27 31.57 12.84 3.07 123.74 46.55 10.05 19 15.12 33.02 302.34 15.15 34.24 168.31 78.64 6 64.84 4.81 9.46 28.07 22.5 1493.6 134.05 287 209.58 41.93 25.82 49.48 134.1 195.72 122.3 293.6 1962.7 168.76 13.04 18.71 23.24 14.8 10 28.98 111.38 15.68 29.47 19.03 12.01 52.96 9.22 429.21 14.92 18.45 12.42 11.11 12.74 28.73 20.59 12.49 43.06 43.96 27.75 13.81 12.5 15.7 25.42 13.47 44.27 12.84 39.51 16.75 5.68 4.99 58.79 32.37 13.86 15.39 40.4 161.01 27.11 6 10.52 18.68 57.98 12 10.15 31.14 8.89 12.68 21.58 16.45 4253.1 72.74 12.55 35.48 59.02 61.56 14.94 18.74 10.27 112.25 18.26 36.96 25.8 339.48 35.83 25.83 32.66 11.1 69.85 358.84 30.33
1383.87 86.47 18153.19 471.48 2672.45 1270.28 479.42 355.85 453.28 113.62 1851.26 123.79 59.43 832.22 210.65 625.17 21574.41 690.01 12210.73 2058.43 6449.61 165.63 2906.51 76.82 1237.41 1182.93 409.35 92929.45 4675.09 21140 3405.02 2243.47 1734.86 1143.48 8137.28 23044.45 4483.8 22922 14534.48 519.99 80.14 182.02 470.51 56.79 20.15 375.89 252.72 61.09 130.89 257.02 52.12 95.4 306.99 661.72 62.06 487.27 213.74 460.58 52.82 486.27 486.81 7.49 53.92 182.03 561.8 126.73 4 427.04 185.14 435.64 88.7 310.22 1233.25 97.9 0.15 13.22 493.58 194.15 216.49 103.46 4.33 946.69 401.51 0.68 236.09 20.19 320.14 47 51.06 376.37 52.23 289.69 497.08 783.52 81352.87 441.03 1567.69 23.57 286.81 723.52 12.74 105.38 1018.65 324.69 750.13 1950.04 151 2419.21 3378.47 4520.63 100.54 1252.49 143.57 1491.99 3644.2
24.37 2.34 16.28 23.92
208.2 4.21 6714.3 103.44 435.91 178.78 72.65 79.15 80.93 24.4 892.89 135.51 32.67 500.46 97.03 127.22 1478.29 159.37 446.29 634.86 201.61 36.16 532.76 0.48 254.27 199.39 78.62 28931.65 1471.68 8329 1013.75 784.78 680.51 176.02 2085.74 6849.27 1164.1 6376.8 4936.16 49.01 31.26 89.95 128.3 33.91 3.12 117.85 49.62 17.65 34.47 88.2 25.76 36.82 453.07 293.15 35.47 255.94 23.14 104 37.15 148.48 142.97 3.8 9.27 62.85 196.01 27.06 -6.8 124.66 36.57 48.86 27.19 126.39 310.4 22.61 0.1 1.86 125.78 49.36 70.58 32.5 -0.85 607.67 111.75 3.4 69.48 10.17 191.47 24.51 17.65 68.32 20.72 73.21 112.06 158.26 19171.43 361.41 179.27 15.02 309.28 209.59 2.93 45.1 118.94 139.43 163.42 191.89 52.55 1910 725.78 481.57 69.96 152.25 228.33 1255.88 475.89
7.09 1.67 25.57 9.19
118.38 -11.34 4061 62.05 229.32 84.75 39.74 47.4 47.57 9.86 392.14 86.43 9.27 221.87 43.4 31.17 471.15 129.58 260.44 -36.2 99.46 17.87 208.09 0.27 121.85 61.87 24.1 21946.45 997.31 5803 836.87 660.85 542.73 130.64 1715.74 5618.51 742.8 4898 2894.1 -99.61 21.42 0.28 96.64 17.01 1.79 48.11 20.72 14.66 24.33 72.59 18.02 22.16 344.37 67.33 28.74 174.88 13.64 73.75 34.31 124.2 95.14 2.92 5.22 43.92 126.77 19.14 -6.99 78.45 22.73 37 2.44 63.64 208.1 5.95 0.04 0.17 95.09 33.74 39.39 -1.1 -8.09 372.32 76.03 1.88 60.2 5.49 136.86 11.48 3.26 47.91 16.84 2.52 84.15 92.15 8030.09 173.8 81.78 11.36 237.17 67.32 1.31 35.41 41.82 46.22 41.1 93.56 21.78 765.06 279.41 125.72 47.6 49.09 121.84 602.3 81.44
109.68 0 8.98 35.21
20.81 0 43.65 35.75
16.41 0 29.33 25.92
201006 201006 201006 201006
-5.4 -32.9 16.13 1.58
12.06 -118.71 36.03 21.37
6.35 -138.92 22.22 14.15
21.86 0 2.8 11.67
1750 101.65 178.3 570.95
2150 150.45 181.5 617
71.05 27.19 0 32.16
25.23 35.87 9.87 41.18 9.16
19.53 21.85 6.24 32.85 6.2
201006 201006 201006 201006 201006
36.03 51.31 18.03 66.31 -7.65
18.51 15.99 25.25 7.08 13.85
8.64 10.81 16.02 2.66 2.39
13.94 2.37 5.11 1.8 1.66
1287.65 147.8 461.05 605.7 606.05
740 66.2 295 361.1 530
1327 154 507.8 665 715
83.77 32.85 74 55.85 67.62
14.72 1.84 22.89 28.37 1.73
7.89 14.76 29.67 24.28 11.9
8.8 13.5 26.93 18.43 8.01
201006 201006 201006 201006 201006
-4.15 -5.18 12.03 57.83 14.46
28.9 65.69 39.19 47.88 13.51
15.57 24.48 26.67 16.29 0.68
0.77 0.62 4.64 4.8 0.06
167.35 40.55 624.3 697.1 69.55
115.15 12.25 441.8 334 53.1
288.5 44.4 1017 735 79.05
36.18 71.83 49.83 26.9 33.96
82.13 14.11 0 12.61 5.54
33.47 31.6 3.25 19.04 16.06
30.17 24.39 -3.02 15.42 11.77
201006 201006 201006 201006 201006
2.75 2.21 -5.35 30.79 30.36
26.73 3.75 12.47 3.08 17.47
22.91 2.26 -19.66 1.59 9.83
26.93 3.28 0 3.55 1.35
1919.75 118.3 70.85 82.25 72.15
1047 102.3 51.95 48.6 39.05
1960 188.8 99.9 98.5 76.7
51.12 50.24 16.29 42.92 65.15
0.56 25.49 21.87 10.46
1.63 20.85 18.37 11.63
1.13 18.62 16.65 8.46
201006 201006 201006 201006
104.02 0.5 66.18 126.85
1.79 20.36 14.16 17.23
1.74 9.04 4.61 5.64
0.01 5.87 5.1 3.42
10.75 128.7 119.55 231.25
2.55 115.65 50.05 49.8
12.44 229.9 128.5 255
4.19 20.81 37.73 22.65
13.69 96.92 39.34 78.8 41.53 12.61 24.99 25.26 60.14 32.49
33.69 37.76 52.57 19.44 20.55 20.42 29.55 44.55 30.05 28.45
29.76 29.13 52.4 17.19 18.96 17.72 26.1 39.5 31.29 32.43
201006 201006 201007 201006 201006 201006 200809 201006 201006 201006
16.16 12.81 -5.56 -8.24 6.84 14.35 38.61 14.29 3.14 13.13
26.2 36.45 33.13 37.91 42.81 17.13 27.13 29.6 19.6 25.4
17.87 24.85 27.11 34.74 33.5 13.15 22.12 24.28 11.73 18.56
3.51 24.93 11.07 20.74 11.81 4.11 8.88 7.93 10.41 4.56
418.3 3025.45 640.7 2226.65 443.45 170.45 96.45 927.3 776.25 444.55
276.5 2127.1 545 1765.1 391 139.6 78.55 556.6 617 321
448.8 3066 796 2525 624 215 122.6 1006 1158 451.8
65.32 16.05 60.57 80.46 46.26 29.06 42.66 74.12 73.79 79.45
0 16.09 0.03 20.63 11.16 0.9 16.43 1.86 0.91 3.92 35.2 14.5 4.18 73.34 1.57 18.85 18.66 2.05 65.66 21.34 8.41 42.81 1.67 0.12 9.99 22.5 13.53 0 9.88 8.9 13.18 0.55 49.22 52.16 3.39 0.01 0.34 15.11 10.37 28.17 0 0 22.61 27.02 2.97 5.44 0.29 23.6 0.92 0.3 14.2 18.2 1.64 38.08 55
9.53 21.31 0.91 22.9 12.97 4.61 12.78 11.13 10.82 7.98 44.61 55.42 9.85 8.25 10.74 40.38 16.28 7.13 64.96 13.51 19.36 16.61 4.42 5.94 29.41 20.54 19.55 -5.78 24.45 28.03 6.62 3.96 20.16 37.81 18.49 1.68 47.4 26.06 18.04 29.35 0 0 18.67 19.97 15.89 23.92 14.8 7.56 6.81 -0.04 27.77 22.93 15.14 31.78 18.49
13.66 20.19 0.04 20.27 10.12 4.5 17.51 9.05 9.24 7.25 39.81 42.91 9.82 8.05 6.97 34.44 25.26 6.76 67.11 12.73 18.51 16.14 3.74 4.7 22.78 16.97 18.61 -5.51 28.02 33.58 10.17 0.95 20.01 35.38 13.1 0.73 34.25 24.54 15.38 26.52 0 0 25.41 16.79 11.24 23.33 15.29 11.91 4.46 0.54 29.43 22.68 29.03 30.69 17.49
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
5.68 55.37 -4.72 36.53 18.84 179.4 -34.54 -23.17 -32.33 -3.73 41.8 363.93 44.54 28.28 -1.02 -70.84 22.02 0.66 36.02 26.59 -22.79 1.89 423.01 24.47 -7.93 0.08 30.8 -73.56 -1.89 24.24 -24.51 -42.5 38.66 13.93 27.52 0 93.33 60.1 -12.74 64.36 29.82 37.63 48.7 8.85 1671.43 10.8 8.25 14.29 79.8 -68.63 1.53 -83.88 20.5 16.03 22.38
51.1 39.94 80.78 30.3 21.33 31.99 41.93 23.89 38.46 17.5 44.69 52.37 31.17 72.4 15.56 1.39 46.71 12.81 25.3 53.62 16.48 23.42 73.27 15.87 23.88 23.72 23.28 -6.02 14.84 12.39 3.52 41.4 40.76 20.58 25.89 0 29.46 20.58 29.83 34.04 30.52 -7.81 58.21 29.98 56.85 28.84 80.95 30.11 65.34 -25.71 14.04 -44.31 36.78 28.69 24.85
16.27 25.65 7.43 22.4 9.93 24.97 4.91 13.8 29.72 11.4 37.66 32.08 21.71 66.32 8.84 -8.16 37.35 8.77 17.08 34.1 11.51 12.63 71.74 10.98 17.49 15.61 15.37 -74.44 6.03 6.57 -1.26 18.52 19.04 12.64 6.46 0 9.35 15.45 24.22 18.85 2.49 -149.22 30.84 23.66 29.03 23.59 4.76 16.73 43.51 -134.4 9.07 -52.92 13.13 21.6 15.74
1 5.01 0.3 6.93 0.92 1.05 1.18 0.63 0.15 0.61 10.16 5.26 0.06 9.8 0.31 0 6.18 0.73 14.77 3.56 0.74 7.52 3.39 0.03 1.66 1.99 3.39 0 0.82 1.79 0 0.6 12.16 10.51 0.94 0 1.86 4.9 3.52 9.51 0.51 0 6.4 9.03 0.92 1.41 0.01 2.54 0.45 0 2.68 0 8.36 6.67 20.97
61.85 330.25 17.32 237.2 252.5 118.65 109.75 60.6 7.82 32.2 506.35 246.5 2.69 1230.5 27.7 253.2 93.7 70.15 1177.9 335.55 76.25 427.2 145.1 3.52 165.45 159.5 154.55 127.9 172 78.4 248.25 36.7 213.95 509.05 140.35 35.1 203.4 193.8 140.9 267.5 127.35 76.75 169.35 191.4 196.6 49.2 208.75 52.25 35.85 24.4 244.7 214.9 256.2 165.95 575.2
57.3 100.5 12.05 195.2 190.4 57.85 101 52.1 7.5 29.3 236.67 124.95 2.2 1150.1 24.15 56.2 75 41.25 305.1 208 64 354.7 59.5 3.15 152.75 110.58 55.5 66 73.05 58.05 225 20.85 128.85 491 74.5 9.33 11.87 122.1 98.5 107.35 84.15 66 148.65 127.1 180.55 31.25 96 45.85 22.5 22.25 145.45 175.1 227 95.03 295
103 372 24.7 270.6 343 146.2 187.05 106.3 18.8 48.9 589 307.5 8.88 1722 40 274.5 147.5 84.1 1212 373 102.8 603 153.2 5.72 222.9 205.63 168.7 211 192.9 159.4 462 41.25 228.6 729.9 159 41.95 205.7 203.9 177.6 275.95 139 97 210 225.65 346 66.6 220 101.5 43.7 75 347.45 304.4 364 185 595.4
20.35 15.97 14.42 43.42 30.27 60.83 31.06 75.66 27.8 72.75 59.85 31.23 13.21 45.39 21.38 58.86 22.76 38.2 58.89 50.48 28.42 68.2 48.58 8.92 63.82 23.09 38.6 51.06 30.18 64.48 42.71 7.24 31.84 32.35 64.67 73.67 28.98 39.55 59.53 54.92 61.43 61.29 41.93 27.77 45.57 45.41 40.31 13.97 58.33 35.68 44.55 50.14 64.88 47.76 36.06
23.04 12.9 3.02 7.94 5.38 0.79 18.75 20.19 3.91 22.04 4.98 8.27 4.44 15.53 9.09 14.27 43.38 16.78 16.78 2.55
15.97 46.45 4.34 8.6 8.27 41.25 39.96 11.95 7.93 18.01 22.81 6.32 7.52 19.78 14.03 11.81 18.04 8.54 12.65 9.84
13.98 38.08 3.49 7.04 5.76 19.22 33.39 8.42 4.58 12.49 17.12 4.97 6.07 23.92 6.57 9.9 19.79 2.6 10.4 6.46
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
56.45 26.32 232.53 -1.66 64.39 -100 45.16 40.77 46.98 130.21 23.41 50.99 55.97 15 53.7 213.34 17.72 -41.55 52.67 13.75
89.42 12.08 68.66 64.84 38.88 0 37.41 11.95 23.01 10.45 8.36 21.41 90.9 21.87 8.28 53.86 12.87 216.41 66.89 12.98
21.82 6.19 53.8 45.25 17.08 0 29.5 3.43 16.38 8.26 3.7 13.74 31.46 7.25 2.31 33.83 4.4 117.75 51.97 2.85
1.87 3.88 0.84 1.57 2.96 0.36 5.97 5 1.24 0 1.02 2 1.21 3.29 2.37 3.63 10.21 3.12 6.48 0.93
518.55 207.05 272.45 136.55 88.9 73 179.45 446.25 151.1 263.2 81.05 73.8 369.25 240.1 229.65 216.9 389.55 728.85 270.9 60.8
1820 178.9 136675.88 881.55 6480.05 2904.94 1155.8 1455.53 777.72 186.06 9172.79 807.8 203.76 5958.94 1054.02 1148.27 10151.39 2908.42 2580.71 1192.41 3253.4 216.45 2156.29 688.43 611.97 335.58 520.31 553294.89 28444.4 173630.58 13448.29 18677.14 5806.98 1689.5 11346.38 181491.16 9759.02 109001.44 46305.86 1186.78 483.16 162.03 1102.98 373.7 236.83 373.7 675.08 189.24 189.79 1455.25 301.47 276.96 5672.61 1191.27 755.55 862.04 437.03 2823.43 474.47 1105.63 879.6 181.67 151.57 727.32 1772.05 231.05 159.88 1359.66 199.29 668.79 162.43 296.53 2024.49 271.72 597.75 246.72 1140.9 456.23 370.76 196.37 310.07 2731.11 527.12 161.61 517.58 5665.48 340.57 438.8 247.66 762.73 191.05 324.86 717.24 946.2 229578.52 3771.93 1299.24 966.65 4029.59 1170.64 200.31 336.11 916.6 1696.1 615.62 1501.86 190.4 62678.34 4365.02 2942.96 708.18 443.7 5091.02 11242.35 3687.52
1602.1 77 114.5 422.8
36.72 6.12 14.01 35.01 32.12
358.02 18.01 4816.63 127.33 744.59 364.19 171.65 100.7 86.68 21.37 388.59 23.77 12.62 165.79 44.57 141.84 5589.32 178.06 3168.03 446.86 1755.28 41.09 802.97 48.72 307.22 310.49 136.54 25400.02 1330.61 5758 857.17 500.67 456.71 309.62 2700.52 6410.95 1093.57 5982.2 3984.77 128.38 28.62 37.14 143.72 13.69 8.41 81.66 50.49 12.35 31.49 77.08 21.48 27.78 68.08 151.17 5.76 152.51 52.01 195.76 13.52 93.46 122.67 5.91 10.02 41.8 141.89 33.51 1.33 106.77 69.08 102.93 14.42 82.39 329.08 27.11 0.03 24.07 186.5 47.07 69.92 31.78 1.28 335.65 104.1 2.48 63 1.05 87.88 12.55 5.64 91.84 3.25 80.75 133.3 219.16 20800.53 62.47 392.61 5.52 102.46 215.53 0 37.93 299.28 85 401.05 507.96 37.55 651.89 814.19 1307.11 35 342.6 18.53 450.92 992.41
453.45 152 129 98.5 60.2 4.63 69 321.4 106.4 195 56.6 60 251.5 140 175 104 295 438 201.9 49.78
586.4 245.95 318.3 163.9 97.45 122.75 191.5 516.2 187 286 98 91.1 490.8 243.3 276 225.9 502.6 823.1 410.8 81.1
82.49 73.24 62.47 61.35 55.36 71.94 67.42 71.08 57.53 63.42 50.63 37.85 78.64 58.92 28.04 56.27 53.51 83.79 42.26 39.86
200912 200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 200906 201003 201003 201003 200903 201003 201003 201003 200906 201003 200910 201003 200912 201003 200803 201003 201003 201003 201003 200903 201003 201003 200903 201003 200903 200912 200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 200906 200912 201003 201003 201003 201003 201003 201003 201003 201003 200903 201006 200912 201003 201003 200903 200906 200703 201003 201003 201003 201003 200903 200906 201003 200903 201003 200806 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200906 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003
-0.09 6.23 -4.83 -11.91 27.46 9.56 23.32 66.06 73.55 14.58 -15.9 0.02 -5.62 6.32 5.69 -15.58 10.26 77.31 39.09 1.29 4.32 134.58 1.39 12.58 -2.38 30.65 2.86 2.89 6.58 -1.38 57.35 -17.4 20.14 -5.38 76.14 105.07 18.34 60.43 -17.77 30.41 516.8 4.44 -8.17 19.55 -25.39 -1.32 -7.22 68.74 34.06 -2.39 9.45 71 11.59 41.33 -0.84 23.49 -80.59 -33.71 35.61 -25.93 -28.37 34.49 21.79 14.1 -51.61 270.31 -1.69 -7.3 26.28 12.03 -44.77 11.25 -16.31 -54.97 -3.07 -1.66 6.32 -20.33 -70.38 -10.07 -17.19 44.61 17.83 6.61 10.38 34.67 -53.83 -30.69 13 0 27.41 -30.33 -7.69 40.67 11.06 -47.14 -14.68 43.78 25.25 82.63 24.68 -1.68 -13.22 9.97
13.54 14.03 21.05 17.07 18.11 27.55 54.97 60.14 46.06 20.35 23.1 3.62 29.38 3.13 20.96 0.62 20.53 16.86 19.21 31.48 39.4 29.77 34.98 39.23 15.39 25.63 29.72 25.96 27.72 53.64 39.01 49.42 27.27 59.71 15.48 31.3 20.79 28.89 23.65 34.32 49.42 38.6 63.76 44.3 57.15 52.53 10.83 22.58 70.33 30.53 29.37 50.73 17.19 34.53 34.89 21.35 -155.61 29.19 19.75 11.22 30.65 40.74 25.17 23.09 66.67 27.61 25.48 25.42 32.6 32.5 -19.63 64.19 27.83 650 29.43 50.37 31.94 52.15 35.02 18.15 39.67 39.74 22.54 20.2 81.95 11.44 63.73 107.49 28.97 25.14 42.8 11.68 42.94 21.79 9.84 34.8 78.95 21.25 9.55 69.56 12.16 61.62 84.17 13.06
Investment Monitor Oct, 2010
23
Stock Market Moitor
Quarter End
Year End Company Indbull.RealEst. ITD Cem IVRCL Assets IVRCL Infra. J Kumar Infra JMC Projects JP Associates Kadamb Constrn. KNR Construct. Kolte Patil Dev. Lancor Holdings Lok Housing Madhucon Proj. Mahindra Life. Man Infra Manjeera Constr. Marathon Nextgen Marg Maytas Infra MBL Infrast MSK Projects MVL Nag. Constructn. Noida Tollbridg. Omaxe Orbit Corpn. Parsvnath Devl. Patel Engg. Peninsula Land Phoenix Mills Pratibha Inds. Punj Lloyd Puravankar.Proj. Sadbhav Engg. Satra Properties Shristi Infra Simplex Infra Simplex Projects Sobha Developer. SPML Infra Sunteck Realty Swan Energy Trinethra Infra Unitech Unity Infra. Valecha Eng. Couriers Blue Dart Exp. Gati Cycles And Accessories Tube Investments Detergents / Intermediates Jyothy Lab. Nirma T N Petro Prod. Diamond Cutting / Jewellery Asian Star Co. Gitanjali Gems Rajesh Exports Shree Gan.Jew. Shrenuj & Co. Su-Raj Diamonds Suashish Diamond Thangamayil Jew. Diversified - Large Balmer Lawrie Bombay Dyeing Orient Paper Prakash Inds. Sintex Inds. Diversified - Medium / Small Andhra Sugars Andrew Yule & Co Camlin Delta Corp English Ind.Clay Forbes & Co Gillanders Arbut GMR Infra. Hinduja Ventures Nava Bharat Vent NESCO Diversified - Mega Century Textiles DCM Shriram Con. Grasim Inds Kesoram Inds. Voltas Domestic Appliances Bajaj Electrical Hawkins Cookers IFB Inds. Khaitan Elect. Panasonic Home Symphony TTK Prestige Whirlpool India Dry Cells Eveready Inds. HBL Power System Nippo Batteries Dyes And Pigments Atul Bodal Chemicals Kiri Dyes Chem. Sudarshan Chem. Electric Equipment ABB Alstom Projects Amara Raja Batt. Apar Inds. Areva T&D BHEL Best & Crompton Bharat Bijlee
24
Year End 200903 200912 201003 201003 201003 201003 201003 200903 200903 201003 201003 201003 201003 201003 201003 200903 201003 200903 201003 201003 200903 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 200903 200903 201003 200903 201003 201003 201003 200912 200906 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200906 201003 201003 201003 201003 201003 201003 201003 201003 201003 200912 201003 201003 201003 200912 201003 200903 201003
Equity
Net Sales
51.5 45.03 11.52 972.51 123.61 143.11 53.4 5492.28 27.8 764.24 21.77 1309.19 424.93 10088.91 5.05 9.02 28.12 649.61 75.48 60.06 4.05 99.5 42.88 28.75 7.4 1388.26 40.81 320.65 49.5 478.01 12.51 63.67 12.64 213.24 25.61 462.99 58.85 952.07 17.51 628.88 22.82 353.5 53.42 178.06 51.32 4759.16 186.2 83.06 173.57 794.97 54.98 487.11 198.55 771.14 6.98 2425 55.9 760.88 28.97 115.77 16.69 929.83 66.42 7116.69 106.71 503.82 12.5 1256.54 31.07 206.7 22.2 87.69 9.93 4443.51 12.6 606.05 98.06 1113.99 8.19 1257.22 12 2.17 19 534.8 6.46 47.62 487.76 1912.44 14.82 1476.77 18.58 652.05 40.74 1523.31 23.76 905.23 16.98 618.08 36.95 2345.64 36.95 2345.64 176.8 4637.68 7.26 614.65 79.57 3117.95 89.97 905.08 280.17 30819.92 10.67 1342.12 84.27 3354.97 26.58 17894.96 48.55 2952.25 13.86 1035.22 61.71 3036.65 20.81 752.34 13.72 451.41 222.98 8477.86 16.29 1611.79 38.61 1631.77 19.29 1656.1 121.69 1567.65 27.1 2010.55 550.33 3681.42 27.11 551.56 59.27 187.88 6.03 331.79 16.71 54.1 4.47 336.43 12.9 159.44 14.23 612.88 366.74 169.36 20.56 8.33 15.26 1167.82 7.05 101.83 296.87 25340.65 93.04 4483.35 33.34 3402.07 91.68 8182.78 45.74 4730.65 33.07 4541.8 225.59 6783.85 19.51 2228.62 5.29 285.56 35.52 601.38 11.5 356.93 8.57 135.1 7 124.22 11.33 507.94 126.87 2544.1 65.39 2407.69 36.34 967.12 25.3 1129.72 3.75 310.85 71.5 2555.07 29.68 1170.26 19.9 479.4 15 340.85 6.92 564.56 1512.3 65423.17 42.38 6237.2 67.02 2042.72 17.08 1465.2 32.34 1983.68 47.82 3565.67 489.52 33208.15 123.84 171.45 5.65 655.15
Current Data
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
-5.74 1.55 90.36 10.28 88.02 0.02 74.17 -80.15 35 -57.52 -19.86 34.41 35.38 93.86 -9.59 67.33 103.59 90.73 -27.7 24.32 88.25 48.06 15.05 4.86 13.6 71.8 5.13 35.93 40.47 28.42 24.6 3.86 13.24 18.44 95.22 2.41 -4.52 91.41 14.29 7.74 -29.32 205.65 530.73 3.36 30.6 7.53
105.77 109.72 11.22 595.16 134.38 116.53 3985.92 0.07 104.21 40.6 30.49 8.94 141.01 109.81 131.88 19.54 209.94 107.79 -15.03 84.22 64.82 29.06 601.6 62.77 183.13 161.31 269.04 428.64 361.07 98.64 141.65 809.17 284.28 159.25 44.47 14.64 400.76 74.38 259.72 188.17 10.15 59.49 3.89 1068.07 205.71 66.89 155.99 111.34 44.65 225.07 225.07 806.18 112.13 628.16 65.89 1152.05 69.36 267.47 304.39 251.55 103.01 142.66 -17.32 30.93 1613.51 168.33 289.19 323.64 355.52 476.83 1296.89 156.4 102.33 27.57 48.14 70.46 16.92 77.65 83.69 47.4 584.8 81.53 5781.63 857.73 349.54 3308.38 757.33 508.65 807.88 246.32 59.28 67.01 30 6.38 61.27 82.46 255.16 465.39 224.28 210.24 30.87 351.42 142.51 52.72 67.03 89.16 10722.7 620.45 290.14 305.48 135.83 430.42 7082.02 44.79 77.75
212.79 11.2 7.84 8.3 17.58 8.9 28.35 0.78 16.04 67.6 30.64 31.1 10.16 34.25 27.59 30.69 98.16 23.28 -4.65 13.39 18.34 16.32 11.56 75.57 23.04 33.12 31.39 17.68 54.15 85.2 15.16 11.37 56.42 12.67 21.51 18.95 9.02 12.27 23.24 14.97 467.74 11.12 8.17 55.85 13.93 8.5
16.56 5.4 -6.4 211.31 69.97 39.7 1708.36 0.03 43.66 27.68 16 0.71 45.78 79.38 76.21 10.11 146.69 40.9 -249.64 34.16 23.7 20.43 232.62 27.55 90.77 95.97 133.85 130.85 290.86 59.89 56.51 367.4 136.56 53.84 8.57 0.63 122.6 36.06 136.66 53.17 9.57 38.9 2.38 544.3 85.13 29.66 45.65 60.71 -15.06 81.21 81.21 328.76 80.05 237.94 10.77 567.31 28.57 142.09 193.4 165.88 15.47 65.66 -59.83 16.07 834.88 117.29 18.42 159.31 266.16 273.7 816.48 66.75 75.38 12.04 13.57 29.41 -12.26 25.36 13.45 39.09 498.68 55.01 3084.41 339.47 71.28 2092.1 237.34 344.22 453.93 117.1 36.84 53.76 3.59 1.93 43.25 52.44 145.02 259.16 142.22 100.42 16.52 141.08 56.81 13.46 24.9 45.91 5113.52 354.64 167.25 167.03 30.58 192 4310.64 24.46 41.22
0.02 4.52 0 7.78 24.75 17.49 7.89 0.06 15.18 3.5 7.56 0.17 6.12 18.55 14.76 7.87 115.45 15.63 0 19.17 10.21 0.75 8.85 1.48 5.23 17.04 6.74 18.41 10.16 3.93 33.35 11.04 6.23 42.41 0.49 0.2 24.36 28.37 13.51 12.8 7.98 4.04 0.72 2.2 56.59 15.71
2.29 9.8 0.47 12.05 42.98 19.97 11.05 0.52 20.47 5.45 23.12 3.5 9.72 11.59 32.32 24.25 61.52 16.72 0 23.18 11.34 17.08 14.91 9.8 6.1 12.95 5.84 13.47 26.15 4.97 22.58 10.72 12.92 19.86 9 15.08 14.19 23.8 7.32 27.75 4.59 23.89 45.09 9 17.58 12.21
-0.13 1.53 -0.39 3.99 30.27 18.15 13.53 0.4 17.84 4.22 31.25 0.37 8.22 8.54 21.45 24.76 61.57 12.46 0 21.26 8.93 19.63 10.15 6.82 6.79 13.71 5.62 11.56 28.2 3.97 22.6 11.9 9.99 14.65 10.63 4.7 13.1 22.64 9.61 15.9 5.33 36.91 32.51 9.91 17.31 9.27
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
20.26 5.9 40360 0.17 34.28 -9.8 52.16 217.33 53.94 -40.89 244.76 9.52 43.05 43.74 87.19 50.04 -65.21 42.47 -16.73 49.76 -22.62 13.48 8.46 3.18 105.61 0.25 57.98 2.18 28.52 63.09 27.04 -47.8 69.84 42.05 551.34 -7.19 5.99 157.75 78.2 26.7 -32.9 14214.29 24.36 84.45 21.95 20.17
73.48 11.73 3.34 9.19 16.56 8.58 37.75 0.37 17.97 106.81 31.7 33.42 10.74 31.11 31.21 20.77 150.9 12.26 -1.07 13.86 24.97 23.67 9.86 79.86 25.42 37.41 19.39 16.56 25.2 83.4 13.17 9.4 36.43 11.96 -19.05 19.66 10.3 11 20.15 11.16 62.18 13.47 10.6 53.92 14.08 8.05
53.41 0.2 -4.94 2.54 8.19 2.08 16.26 0.22 8.35 78.5 18.34 13.59 3.3 21.32 19.29 12.64 103.8 6.49 -25.1 6.61 4.92 13.71 3.81 49.22 10.04 17.68 6.27 5.27 33.69 45.16 5.32 -1.85 32.6 6 -72.04 3.65 3.08 5.26 10.87 4.09 34.62 12.87 5.42 28.71 5.74 3.22
0.07 0.45 0 1.05 5.7 2.48 2.43 0.03 5.8 1.07 2.39 0.02 1.82 3.54 5.03 1.7 8.2 3.67 0 8.42 0.97 0.32 1.61 0.54 1.05 1.78 0.53 3.68 1.79 1.26 9.74 0 1.45 20.43 0 0.29 7.32 8.62 3.5 3.98 0.17 0.14 0.48 0.72 2.63 3.05
177.45 238.95 128.8 170.5 262.1 204.6 121.95 66.95 188.4 64.15 78.15 45.5 149.1 458.35 361.6 132.75 305.95 222.5 223.65 276.15 160.15 83.9 164.8 34.1 143.7 124.55 146.1 383.55 66.65 236.9 81.5 132.4 139.3 1471.25 11.9 551.15 482.2 325.8 391.1 294.35 667.6 138.55 54.6 86.9 113.65 183.85
298.1 292.4 142.8 212.4 272.2 239.25 180 87.8 207.3 76 129 62.45 197.55 550 408.45 132.75 424.4 243.8 253.4 292.9 200.7 113 197 46 146.2 178.03 151.35 523.95 99.9 269.25 89.75 298.8 145.25 1624 19.2 638.65 563 352.8 401.7 301.5 714 186.95 57 111.8 138.4 227.7
22.1 69.57 88.07 9.61 54.52 55.64 45.98 8.56 73.36 74.37 62.08 52.84 57.66 51.08 63.48 74.45 89.15 42.82 37.01 57.32 13.2 67.6 20.15 26.37 89.14 43.54 74.73 45.49 53.65 65.92 61.98 37.32 89.96 47.55 62.8 49.43 54.74 55.54 60.59 58.56 65.32 80.92 27.18 46.56 62.72 49.01
22.24 0
14.43 0
201006 201006
33.87 35.59
14.96 10.69
9.24 2.37
10.8 0.57
1117.95 75.85
490.35 47
1250 90.65
81.03 49.04
31.38
12.34
5.67
2.19
149.75
51.35
153
51.75
26.6 -2.26 14.69
23.5 15.42 7.18
17.04 5.75 0.42
3.54 2.97 0.11
283.7 218.85 21.25
129.1 150.5 15.05
311 241.3 24.35
70.13 77.17 34.54
26.66 36.97 16.64 122.68 66.2 17.03 7.05 43.31
3.94 7.9 1.84 6.38 9.09 3.94 8.73 9.37
1.46 5.12 1.11 5.19 2.05 2.91 6.67 5.18
5.36 6.07 1.68 10.55 0.73 3.79 8.13 4.74
1133.9 242.4 100 177.85 53.25 65.1 172.65 172.8
925 94 64.55 107.1 26.5 41.25 165.3 62
1999 253.2 133.05 258.85 63.6 71.9 395 178.65
74.97 51.47 52.81 70.66 58.41 34.61 89.43 65.09
22.98 24.63 27.58 27.33 46.63
10.14 5.74 18.24 20.23 21.62
6.25 -7.14 7.75 15 11.19
19.54 0 1.77 5.64 4.29
649.25 647.05 61.6 163.1 368.75
450 343.5 42.7 130 203.55
754 692.45 66.35 243.95 396.7
0 47.14 33.67 51.07 30.2
-30.08 17.43 13.84 -28.19 8.11 39.41 44.01 338.73 126.92 -19.02 6.46
20.17 6.49 13.05 82.79 20.99 -2.04 13.48 60.54 812.43 42.66 56.41
4.93 -10.61 7.91 33.86 9.5 -14.04 7.17 -9.08 658.76 36.56 34.55
1.88 0 1.58 0.18 16.65 0 7.96 0 5.67 13.82 7.11
128.7 39.95 48.2 74.45 70.8 440 110 58.25 464.95 392.4 586
105.6 31.5 20.4 31 40.02 335 66.67 50.6 247.8 325 330.5
145 99.7 58.9 82.3 112.5 519.8 124.67 76.8 497.8 462.4 777.45
53.84 94.42 38.65 48.4 79.91 73.35 68.62 70.61 65.79 45.49 62.04
-0.56 5.76 -69.08 20.77 17.09
20.17 2.31 38.15 11.44 9.75
9 -3.1 23.69 2.55 6.17
10.79 0 24.41 7.78 2.56
511.4 51.55 2180.7 317.35 237.55
405 43.35 1740 285 140.1
595 69.95 2952 418.6 240.75
40.38 56.08 25.5 26.06 30.48
35.18 14.73 18.57 50.68 53.16 31.91 47.79 40.54
8.69 20.99 11.1 5.59 3.29 35.29 16.42 10.84
4.65 13.09 6.03 1.31 0.71 23.09 11.03 6.46
2.31 15.31 2.22 1.08 0.3 28.91 14.16 4.71
302.6 1010.55 164.45 144.35 189.5 595.6 959.2 292.05
114 425 51.75 62.4 46.6 96 240 105.25
320 1266 179 153 234 683 1066.8 338.5
65.51 56.03 71.59 50.07 70.42 75 74.92 75
2.54 -7.49 4.43
13.39 11.51 8.75
6.36 2.94 4.72
2.08 0.28 10.03
71.9 27.35 459.85
51.55 22.1 356.25
81.8 45.6 580
40.55 70.15 74.9
25.02 30.87 64.93 20.88
13.78 11.64 17.98 13.53
6.13 3.79 5.71 7.07
6.74 0.5 4.87 16.01
146.05 33.75 585.7 593.25
69.7 7.19 372 240
155.6 43.45 877 650
42.63 74.09 71.58 52.75
-3.88 -30.48 45.78 22.66 10.35 15.8 36.12 -7.88
4.98 16.86 14.34 5.97 9.2 17.42 -4.41 11.82
2.65 9.1 8 3.89 3.64 10.3 -14.45 5.63
1.81 4.7 4.18 7.43 1.35 13.64 0 10.4
906.6 766.2 213.9 191.75 291.85 2467.85 17.8 1144.6
7129.94 275.27 2388.21 4552.35 728.64 445.41 25932.06 169.05 529.78 485.49 158.25 202.7 1100.36 1871.44 1789.92 166.07 580.08 732.69 1661.94 483.54 640.6 2240.97 4227.94 634.91 2494.2 1369.55 2900.82 2677.18 1860.87 3431.5 680.12 4397 2973.78 1931.75 184.87 1223.55 2384.48 410.51 3835.13 1078.79 4202.54 1316.23 176.36 21880.12 842.15 345.27 3298.76 2652.9 645.86 2772.62 2772.62 5960.61 2286.62 3482.78 191.21 8557.67 1209.87 2061.85 2835 1079.19 371.95 402.58 360.15 237.08 11808.02 1057.63 2498.26 1188.26 2030.43 5033.44 31677.78 348.91 1183.92 292.09 1244.06 356.12 567.6 234.74 22673.23 955.47 2995.97 825.67 34918.03 4758.07 855.21 19992.66 1451.56 7860.53 9628.17 2971.53 534.58 582.81 166 162.4 416.92 1088.69 3705.24 1386.97 522.57 691.96 172.44 2058.22 433.33 335.81 878.55 410.53 194913.52 19210.85 5135.07 1826.71 619.93 6978.13 120806.19 220.44 646.7
141.65 163 74.43 144 157.05 132 107.65 36.75 98.3 41.55 70.5 30 105.5 311.5 284 53.5 226 142.6 123 182.2 77 44.6 132 26.8 85 109.08 92.7 340 59.5 144.05 33.36 104.5 76.4 772.07 8.1 126 396.1 132.1 197 125.55 480 102.65 23.4 65.1 76.48 87.8
25.38 0
5.58 254.54 101.15 1106.15 193.53 259.89 3174.19 27.1 195.63 10.28 26.34 7.36 407.41 67.93 129.2 16.85 14.99 174.77 173.18 222.97 78.7 62.96 1085.06 20.46 181.29 110.61 169.45 486.61 148.31 40.43 305.44 1000.1 95.06 425.33 14.59 17.55 1174.54 206.61 315.6 356.51 3.12 10.02 28.95 618.88 339.79 175.51 483.85 277.24 206.61 713.29 713.29 1211.22 150.84 821.2 239.18 8332.51 390.86 997.74 4283.19 1228.41 250.32 803.2 253.24 125.55 2362.46 508.76 428.42 441.59 464.48 519.21 943.46 103.48 35.44 120.53 8.89 88.39 46.52 158.6 76.69 1.77 288.65 14.5 5773.72 1115.42 945.03 944.92 1397.92 1370.43 2032.08 483.69 61.78 128.79 94.37 36.82 87.6 145.35 993.68 559.47 238.27 241.55 79.65 741.03 326.48 130.11 127.77 156.67 13939.18 1446.6 346.41 446.63 617.29 885.49 6479.69 9.76 104.24
669.2 505 130.5 156.2 232.5 2105 14.8 850
922.75 804.7 225.5 284 339.7 2585 30.65 1316.2
52.11 66.48 52.06 62.15 72.18 67.72 65.13 35.66
-7.1 11.96 13.91 64.7 2.84 -3.5 6.94 24.54 57.29 37.31 13.59 25.6 -38.48 82.88 -1.48 24.98 7.85 2.75 6.69 -3.55 3.06 16.72 26.58 19.39 -15.66 28.31 6.38 157.1 -7.94 19.65 16.3 -0.1 -24.74 22 12.61 26.22 18.25 22.75 25.19 36.74 69.58 26.58 31.55 11.98 -10.96 17.35 0.62 17.81 22.39 25.47 -8.77 -10.81 11.58 -18.59 35.01 24.89 91.48 20.28
12.3 9.99 10.86 17.91 18.87 6.77 5.17 7.97 1.53 8.52 9.95 4.7 6.83 6.85 9.95 17.23 17.93 21.03 22.67 26.87 15.4 8.65 88.98 20.56 -5.43 12.53 49.42 269.51 49.58 70.08 19.43 9.95 33.6 15.08 11.14 10.95 20.07 10.58 8.06 4.41 33.41 15.96 9.52 11.86 17.48 9.15 11.59 10.29 18.93 14.9 9.55 13.95 18.06 8.99 11.56 20.47 25.59 11.01
4.15
15.01
13.43
201006
10.36 14.2 1.11
27.05 9.11 6.74
21.31 8.88 3.05
201006 201006 201006
25.94 16.52 7.11 33.75 2.15 10.47 0 11.03
6.94 7.71 8.95 30.5 9.23 10.86 3.87 28.64
8.45 7.18 16.03 38.83 6.93 8.78 1.6 29.79
201006 201006 201006 201006 201006 201006 201006 201006
68.18 4.36 8.01 21.87 20
36.86 11.89 22.47 23.05 10.31
27.59 9.71 22.6 24.89 15.6
201006 201006 201006 201006 201006
23.94 2.54 1.91 0.7 56.91 0 16.86 0.04 17.35 63.96 77.77
19.8 6.27 24.74 11.93 25.59 0 15.72 1.14 3.63 30.09 50.72
18.98 1.55 23.15 6.03 30.14 0 16 0.23 3.29 36.04 37.25
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
35.57 4.14 224.49 50.97 10.08
19.59 6.49 24.92 14.01 52.6
24.24 5.66 21.16 16.58 39.93
201006 201006 201006 201006 201006
11.61 62.99 14.09 3.12 2.09 61.61 44.62 4.77
43.66 132.85 21.71 10.73 18.28 103.77 69.18 58.01
32.51 112.25 19.43 3.18 10.54 77.54 51.28 43.16
201006 201006 201006 201006 201006 201006 201006 201006
19.49 3.92 40.67
11.41 21.56 18.81
10.03 22.41 12.59
201006 201006 201006
18.48 6.32 16.35 64.26
15.22 14.55 14.6 34.92
15.78 24.79 18.57 35.16
201006 201006 201006 201006
16.4 23.26 19.07 8.63 7.72 84.15 1.98 68.81
25.34 55.82 39.59 49.24 26.14 45.47 18.53 29.94
15.71 37.62 35.19 24.05 24.17 29.88 14.93 19.46
201006 201006 201006 201006 201006 201006 201006 201006
Investment Monitor Oct, 2010
Stock Market Moitor
Quarter End
Year End Company Birla Power Sol. Crompton Greaves Easun Reyrolle Elpro Intl. EMCO Havells India Honda Siel Power Indo Asian Fuse. Indo Tech.Trans. Jyoti Kirl. Electric Suzlon Energy TRIL V-Guard Inds. Volt.Transform. Electrodes - Graphites Graphite India HEG Electrodes - Welding Equipment Ador Welding Esab India Electronics - Components Bharat Electron Centum Electron Genus Power Honeywell Auto JCT Electronics MIC Electronics Numeric Pow.Sys. Opto Circuits Siemens Electronics - Consumer BPL MIRC Electronics Videocon Inds. Engineering Action Const.Eq. Alfa Laval (I) Atlanta BEML Ltd CMI FPE Ltd Disa India Dynamatic Tech. Eimco Elecon(I) Elecon Engg.Co Electrotherm(I) GEI Industrial GMM Pfaudler Guj Apollo Inds Hercules Hoists Intl. Conveyors ION Exchange Kabra Extrusion Kalindee Rail Kennametal India Lanco Infratech Nitin Fire Prot. Om Metals Infrap Praj Inds. Premier Saraswati Indl. Shanthi Gears Texmaco Thermax TIL Titagarh Wagons TRF UB Engg. Veritas (India) Walchan. Inds. Engineering - Turnkey Services ABG Infra Artson Engg. BGR Energy Sys. Engineers India Gammon Infra. Hind.Dorr-Oliver Jaihind Projects Larsen & Toubro McNally Bharat Petron Engg Rel. Indl. Infra Sanghvi Movers Shriram EPC Sunil Hitech Supreme Infra. Engines Cummins India Greaves Cotton Swaraj Engines Entertainment / Electronic Media BAG Films Balaji Telefilms Cinemax India Crest Animation D B Corp D C Holdings Den Networks Dish TV Ent.Network Fame India H T Media IBN18 Broadcast Inox Leisure Jagran Prakashan JMD Telefilms K Sera Sera NDTV Prime Focus PVR Reliance Media Sahara One Media Saregama India Splash Media & I Sun TV Network
Current Data
Year End
Equity
Net Sales
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003
42.47 128.3 4.15 4.61 12.38 30.08 10.14 16.11 10.62 12.98 50.52 311.35 12.92 29.85 10.12 76.91 34.3 42.61 28.99 13.6 15.39 470.08 80 7.4 14.79 8.84 78.48 20.13 10.11 182.9 67.43 292.11 48.51 14.19 229.41 686.01 17.98 18.16 16.3 41.77 4.94 1.51 5.41 5.77 18.57 11.48 16.62 2.92 16.58 1.6 6.75 12.73 7.98 11.22 21.98 238.55 12.6 9.63 36.95 30.4 7.37 8.17 12.72 23.83 10.03 18.81 11 17.07 1 7.61 564.78 12.82 3.69 72 56.16 145.7 14.4 7.11 120.44 31.09 7.54 15.1 8.66 43.91 12.28 13.88 100.86 39.6 48.84 12.42 1479.4 31.39 13.04 28 22.59 181.52 48.44 130.49 68.73 47.67 34.8 47 36.33 61.9 60.23 7.01 67.13 25.78 12.82 25.62 23.06 21.53 17.4 9.37 197.04
225.89 5346.25 215.84 28.95 978.55 2468.77 306.99 228.27 101.25 290.7 840.73 3488.68 552.29 478.83 541.96 2234.18 1103.01 1131.17 686.74 266 420.74 17035.52 5177.89 107.02 653.84 1173.06 387.88 239.71 437.83 471.5 8386.79 10746.11 81.55 1501.52 9163.04 26136.23 428.51 889.1 197.97 2834.59 387.22 71.29 297.73 162.16 1065.73 2002.75 254.99 154.48 201.68 84.35 87.89 499.78 194.81 281.22 305.35 5886.7 93.89 102.89 602.28 149.94 1687.45 121.39 930.69 3048.16 810.75 554.23 640.8 526.8 66.05 512.61 48329.11 137 131.94 3069.25 1993.8 117.62 863.11 237.71 37013.2 1484.37 531.96 51.16 331.53 1110.52 722.68 533.26 4474.52 2844.87 1347.21 282.44 12165.53 31.5 152.82 154.68 35.36 1013.77 892.5 321.96 737.69 230.04 144.89 1263.11 209.5 246.41 941.89 68.36 36.85 348.39 95.27 274.76 488.95 181.6 99.43 0.68 1395.01
3.91 14.76 55.95 132.53 -1.78 12.46 29.95 -11.53 -52.82 14.87 -2.91 -51.78 14.89 40.88 -16.48
25.77 982.34 79.86 10.88 250.44 325.27 27.43 29.07 -5.33 35.65 86.02 -380.52 87.44 52.49 129.01 762.24 409.28 352.96 159.24 49.77 109.47 3266.71 1166.4 10.51 78.29 194.45 -41.65 75.01 57.27 201.14 1525.29 1904.55 23.54 59.77 1821.24 3992.84 40.18 202.94 95.38 407.84 52.33 17.61 53.92 28.19 181.68 285.93 38.74 20.33 45.37 22.72 27.2 27.41 35.73 27.9 60.27 977.81 17.93 44.54 133.9 38.17 141.87 55.55 159.05 328.86 111.55 113.83 87.65 52.07 0.58 57.81 9222.04 105.97 10.39 416.83 676.79 23.57 107.97 39.79 7035.01 106.23 56.13 31.06 264.05 151.77 98.3 98.18 921.91 649.04 213.29 59.58 3724.71 11.95 32.54 23.11 13.95 367.7 481.03 61.23 -125.42 62.48 17.63 269.47 -25.66 38.84 316.53 0.76 4.05 25.53 50.83 33.98 115.13 27.17 12.76 0.63 1153.06
11.01 17.61 8.86 37.22 11.99 12.64 14.59 8.41 -4.89 11.93 9.5 1.72 15.83 10.77 21.61
3.17 617.34 55.9 -9.26 133.8 228.16 12.69 2.85 -8.03 8.07 37.59 -1414.09 49.51 25.47 82.53 403.24 232.17 171.07 91.78 25.6 66.18 2098.83 720.87 -0.31 26.39 132.79 -74.01 64.42 36.79 147.04 1044.85 419.36 0.33 18.37 400.66 1905.7 22.73 123.34 41.25 222.85 27.29 9.86 10.82 12.8 66.17 53.8 14.29 11.06 26.93 14.05 12.96 6.61 21.47 10.44 28.01 486.38 11.75 24.82 113.88 16.63 51.13 16.18 93.04 141.44 46.86 65.37 47.18 30.68 0.23 23.4 5389.86 10.43 6.22 201.02 435.58 14 55.52 13.28 4375.52 34.69 23.88 21.98 90.42 44.66 23.46 39.2 599.19 443.87 117.97 37.35 981.23 0.04 15.19 6.03 0.44 199.04 260.92 20.8 -476.27 17.87 -6.24 124.77 -82.09 26.06 175.9 0.45 -4.28 -20.52 12.73 0.26 -104.37 8.93 0.62 0.44 567.38
0.75 9.41 26.26 0 21.38 37.27 11.83 1.77 0 6.06 7.44 0 37.52 8.03 79.48
7.96 60.85 4.58 0 12.87 26.78 20 5.19 -5.95 24.02 22.11 -0.49 25.39 24.2 41.21
1.68 41.47 3.27 0 8.03 22.06 10.7 -4.71 -5.65 14.04 24.06 -17.01 18.64 19.01 27.64
201006 201006 201006 201003 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
-21.66 14.44 11.57 636.19 -38.41 22.32 169.14 13.21 71.6 28.74 -8.25 59.84 -0.44 95.5 14.52
16.67 16.69 8.94 34.31 -21.48 11.19 18.68 -1.49 -10.08 12.27 6.05 -42.43 17.22 12.04 14.71
2.73 10.59 1.95 18.8 -21.86 7.44 11.38 -12.04 -10.51 2.85 0.66 -80.97 9.93 6.59 8.98
0.02 2.22 0.38 8.05 0 8.87 12.56 0 0 1.34 0.17 0 6.58 3.71 10.58
2.02 318.85 125.4 478 64.1 803.55 542.15 126.9 250.65 110.05 82.9 53.45 391.8 191.5 921.4
4.36 326.4 129.25 779.95 109.45 850 630 160.4 377.7 114.9 106 97.56 472.7 212.9 1135
10.02 40.92 27.29 54.74 36.73 60.14 67.67 39.35 74.35 24.23 49.17 53.08 76.82 71.36 46.05
26.38 20.55
21.13 25.83
201006 201006
10.15 -4.33
24.12 26.59
13.32 11.95
1.99 6.2
90.3 305.15
58.1 238
111.9 412.7
62.69 52.28
17.83 39.6
26.29 66.87
18.36 43.51
201006 201006
19.09 16.07
15.91 22.54
7.76 13.58
3.3 10.75
221.55 579.35
125.3 420.25
241.1 665
56.34 55.65
86.9 0 17.36 148.52 0 6.33 35.89 7.28 30.14
25.76 4.58 17.26 47.62 0 21.3 27.32 20.11 48.86
17.68 -1.09 16.08 35.18 0 21.65 19.64 23.28 35.3
201006 201006 201006 201006 201006 201006 201006 201006 201006
1.38 114.84 33.86 14.53 9.38 17.41 16.03 29.93 17.04
15.67 8.42 16.95 8.2 9.11 38.7 12.49 49.5 10.83
8.91 0.87 8.1 6.87 1.4 29 8.6 44.67 6.99
10.18 0.28 8.75 25.76 0.02 1.71 8.99 3.11 4.63
1774.95 133.4 210.35 2474.7 2.29 42.3 323.45 305.75 786.3
1390.05 51.5 131.85 1681 1.7 34.1 210.8 181.1 486.2
2252 149.65 250 3279.9 3.75 55.7 409.95 327.9 799.9
75.86 61.14 41.49 81.24 82.79 33.75 63.18 27.41 55.18
0.07 1.09 16.93
-2.13 9.23 7.97
-14.69 7.12 5.66
201006 201006 201006
57.2 28.82 17.56
5.69 3.29 18.27
-16.87 1.2 5.31
0 0.41 5.44
39.85 26.15 272.75
25.25 15 184.6
46.7 30.3 274.7
66.16 55.11 68.76
2.46 63.67 25.08 51.66 53.58 65.3 18.72 21.53 6.88 45.7 8.13 7.1 15.82 8.45 1.89 4.94 25.71 9.3 12.74 2.04 8.73 2.56 5.92 5.01 69.38 1.85 7.15 11.04 45.72 33.92 41.65 17.97 2.3 5.98
19.52 54.69 19.7 13.86 37.64 41.33 11.12 15.19 15.48 11.15 24.24 19.14 27.58 26.19 30.34 11 36.47 15.27 15.64 20.35 13.89 9.62 24.96 9.05 22.51 10.84 28.45 40.08 33.48 23.66 34.26 35.43 13.23 14.5
15.54 36.03 21.03 11.27 28.12 27.74 8.7 10.31 18.06 9.31 18.86 12.45 21.03 18.64 25.4 5.03 26.84 11.06 10.56 19.66 11.15 7.35 23.34 9 16.05 7.83 22.17 25.47 27.35 15.59 31.25 30.67 9.81 10.66
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
60.49 -6.84 99.85 13.19 30.31 83.18 26.77 51.98 15.9 41.85 26.85 -13.68 7.33 69.55 -23.88 20.18 22.89 43.95 66.19 -28.26 258.47 55.03 -25.91 83.5 0.35 -9.23 10.99 48.97 -76.37 46.07 31.9 16.31 147.16 -23.86
9.77 18.66 30.36 7.95 16.98 15.28 16.97 18.27 15.41 13.31 17.55 13.55 20.25 42.36 18.75 6.05 15.45 13.58 24.43 19.56 17.9 26.06 15.68 25.46 7.42 47.63 21.39 14.12 13.1 19.32 10 9.58 0.74 5.45
6.16 11.31 12.13 2.73 10.38 7.83 2.42 9.06 5.41 1.98 8.31 6.67 11.55 27.46 7.07 1.93 10.08 5.95 13.41 6.87 12.14 15.96 11.06 5.62 3.25 18.32 14.21 8.5 6.18 13.55 5.2 5.15 0.28 5.38
3.54 12.05 5.89 3.46 16.12 9.58 3.64 6.58 1.43 10.76 2.48 1.3 2.61 4.87 0.18 1.7 2.77 2.51 6.6 0.31 2.61 0.94 0.56 0.81 18.11 0.73 2.29 5.55 2.36 10.94 6.84 4.06 0.04 1.71
65.1 1396.9 447.55 1115.05 1491.5 1391 1245.5 309.4 91.65 325.8 181.05 115.95 229.1 339.2 24.4 212.9 83.35 168.2 478.3 68.4 310.45 60.8 76.7 129.1 1385.2 48.2 161 782.5 585.7 467.55 873.6 208.15 382 215.05
26.65 1000 107.8 913 630 1200 811 208 70.45 233.65 62.1 78.05 140.4 173.6 20.5 100.5 27.73 114 195.5 40.8 259 25.1 73.3 96.5 742 32 114 465.45 242.5 256 490 74 20.32 180.15
72 1534 459.65 1275 1985 1740 1300 337 110.85 411.7 182 129.4 246.95 385.4 46.4 263.9 103.25 239.9 539 74.7 421.6 64.35 112.9 176.8 1484 56 173.85 849.9 663.8 507 1175 239.4 825.63 292.9
66.09 88.77 73.45 54.03 75 74.27 55.17 74.05 45.71 33.58 41.41 75.63 49.18 69.53 53.18 41.4 55.75 16.08 88.16 67.95 70.15 69.63 22.79 41.77 57.48 44.7 47.56 61.98 50.9 49.05 39.62 40.74 66.97 55
7.47 1.69 26.73 59.59 0.19 7.58 18.68 70.83 10.96 31.34 13.98 20.38 9.97 19.1 27.99
7.14 50.21 28.03 53.32 3.39 45.3 28.77 23.85 26.19 35.43 15.73 20.17 16.67 16.33 18.84
1.24 -127.46 31.8 34.99 2.18 31 27.88 21.58 16.46 29.34 14.13 20.93 11.15 9.41 28.95
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
23.88 28.77 191.07 54.82 -57.07 39.84 12.24 6.42 12.03 4.15 -8.79 4.48 30.67 -30.78 73.87
62.88 7.23 11.75 28.77 50.04 12.24 26.85 15.75 6.03 10.61 72.53 79.87 19.99 15.09 19.91
5.67 4.1 6.69 18.9 27.42 6.59 8.33 8.5 2.17 4.69 51.97 28.16 12.26 4.17 8.47
1.57 0.37 8.41 3.4 0.04 2.31 8.27 11.05 1.98 6.62 4.29 5.55 7.22 4.58 11.24
190.7 102.3 749.1 356.05 24.9 133.6 253.15 2026.2 284.35 405.15 876.75 178.55 283.35 179.25 276.5
152.25 44 424 177.85 17.2 62.25 119 1371 160 145.3 695.1 156 170 152.3 109.35
245.9 103.25 871 538 29.9 159.3 315 2074.6 385 466 1138 272 313.8 268 319.8
60.58 75 81.25 80.4 75.72 55.28 47.74 0 30.56 52.47 45.43 44.51 42.01 53.2 61.1
20.4 21.7 28.74
41.04 41.81 49.83
30.04 28.04 34
201006 201006 201006
45.37 44.86 25.75
22.76 14.24 18.26
15.41 8.03 12.67
7.08 5.69 8.61
749 431.55 420.4
340 179.1 281
792.7 444.4 464
51 51.41 50.62
0 2.28 1.95 0.19 10.63 10.26 1.59 0 3.75 0 5.25 0 4.21 5.25 0.56 0 0 9.93 0 0 4.15 0.36 0.44 13.15
0.99 2.62 3.82 2.77 36.92 28.14 5.56 0 6.47 0.31 19.6 0 5.66 37.04 6.48 0 0 5.44 3.83 0 7.6 6.11 9.8 45.57
-0.11 1.79 4.3 0.39 37.78 21.67 3.43 0 5.54 -7.94 15.89 0 8.74 30.01 4.71 0 0 6.19 0.52 0 3.15 0.57 6.98 29.8
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
26.64 -22.69 103.77 53.18 14.56 7.02 -1.58 23.28 14.19 140.9 -16.4 -8.16 133.04 15.78 18.64 744.04 -12.11 17.46 141.24 148.78 -34.91 26.01 22200 53.12
45.24 18.18 12.47 51.64 41.93 55.59 11.25 12.86 16 8.48 23.17 -12.66 16.28 36.2 3.64 38.67 -19.86 48.46 15.68 13.35 21.29 10.91 0.67 84.27
8.79 9.54 -0.79 17.47 25.66 39.35 -2.73 -20.81 7.55 -9.63 11.55 -37.41 4.4 20.98 2.79 35.89 -35.96 11.59 3.98 -25.52 6.81 1.6 0.67 38.81
0.04 0.45 0 0.71 4.04 3.75 0 0 0.9 0 1.35 0 0.57 1.85 0 0.4 0 2.29 1.34 0 1 0.24 0 4.34
11.62 54.15 59.3 102.75 284.55 134.7 229.7 55.35 239.25 80.7 157.2 123.1 72.1 129.3 111 13.53 112.25 651.4 174.35 209.25 181.15 105.9 88.2 531.65
359.42 20454.23 260.21 220.36 396.78 4834.16 549.74 194.28 266.19 175.86 418.81 9329.16 506.21 571.63 932.46 3071.72 1764.46 1307.26 1192.93 301.31 891.62 49921.39 14199.6 164.75 311.11 2187.63 180.52 433.58 326.68 5603.48 26514.04 8479.85 193.31 371.33 7915.21 51432.05 585.25 2536.77 729.51 4643.07 736.8 210.04 673.82 178.52 850.97 373.69 300.91 169.87 360.83 542.72 164.7 284.22 265.89 206.05 1051.3 16469.35 391.17 585.5 1416.65 392.46 1020.89 393.79 2047.92 9323.49 587.46 879.46 960.96 355.31 924.44 818.27 148745.75 244.48 377.49 5401.76 11996.75 1812.97 961.92 183.79 122574.97 884.04 305.48 1323.89 773.12 1245.89 220.12 439.08 17460.03 14830.2 2107.69 522.14 77198.09 182.49 353.06 166.04 232.11 5165.15 3279.27 2997.36 5885.92 1140.5 282.05 3694.2 2924.24 446.3 3894.52 778.11 281.34 723.73 835.09 447.38 965.06 390.02 184.27 826.43 20951.26
1.9 174 79 468.05 58.5 280.4 195 40.85 232.45 38.3 63 43.05 302.5 71.25 716.5
12.96 38.44
52.67 1342.91 40.6 19.73 118.64 717.03 111.99 53.65 25.5 61.05 182.77 503.43 85.56 168.21 119.33 480.37 258.24 222.13 179.66 57.88 121.78 4106.43 913.41 40.39 159.82 331.67 132.49 60.49 105.73 127.49 2234.94 3406.04 24.24 488.15 2893.65 5828.86 129.18 193.46 80.72 526.85 76.66 18.52 81.45 41.93 246.05 624.43 49.56 28.64 37.48 28.4 17.12 114.71 43.87 51.75 107.91 1037.52 27.1 57.02 93.67 43.6 431.03 32.54 203.37 778.76 38.33 151.84 144.75 134.52 35.22 120.9 10815.7 35.48 33.21 905.43 606.04 11.27 252.33 71.99 7835.1 283.48 106.31 12.45 85.29 258.55 134.66 184.11 1340.06 910.01 345.66 84.39 3419.46 6.94 30.7 43.24 9.16 285.92 231.83 72.26 303.63 57.12 37.99 274.25 51.41 79.91 264.98 18.97 23.38 67.08 25.36 86.75 124.24 31.57 26.31 13.38 440.44
10.63 46.05 47.25 39.35 207.4 116 149.5 31.6 166 27.15 116.05 73.85 49.6 101.5 44.15 10.03 90.3 185.5 118 160.4 144 62 7.41 304
30.55 78.4 80.8 129.5 289.1 180.05 256 59.65 275.55 95.25 181 134.8 91.95 144.3 151.6 23.7 175.9 673 203.95 369.5 222 163.3 91 546.9
29.83 40.24 68.37 15.92 86.34 63.37 53.73 64.81 71.15 0 68.84 57.35 66.77 55.33 17.82 0 61.45 53.86 37.32 62.23 74.99 54.96 4.91 77
201003 201003 201003 200912 201003 201003 201003 200912 200903 200906 201003 201003 200909 201003 201003 200909 200903 200912 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 200906 201003 201003 200903 201003 201003 200909 201003 201003 201003 201003 201003 201003 201003 200903 200909 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 201006 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 200903 200903 201003 201003 201003 201003 201003 201003 201003 201003
0.91 10.28 18.27 -0.59 12.98 397.07 17.48 17.15 14.56 -22.03 6.99 17.51 1.2 7.08 5.02 -6.06 6.82 11.15 1.88 1.2 -14.7 -17.04 0.46 12.83 11.41 19.01 15.74 5.32 20.69 -10.17 24.91 17.12 26.91 14.3 -21.33 44.19 49.86 38.95 -21.97 15.94 31.29 -51.92 15.37 -0.94 0.14 -19.19 22.89 16.26 1699.73 -26.35 -8.09 294.32 59.68 30.1 215 67.49 226.48 9.16 53.35 16.37 -27.93 -7.26 20.87 20.81 39.51 -13.9 29.44 35.68 -47.8 -48.18 28.56 -5.53 10.13 9.52 21.65 78.48 0.77 32.16 -4.53 15.84 9.89 14.39 25.34 -42.14 1.14 4.58 1.18 -3.09 -22.71 -4.55 1260 38.37
35.59 30.62 17.37 24.19 22.35 9.63 15.59 16.28 -9.48 31.08 12.52 42.66 15.05 -3.24 3.81 19.41 8.97 22.16 48.18 13.73 13.08 22.97 17.38 16.53 14.65 14.18 14.37 12.35 21.19 27.62 30.14 5.34 17.47 9.92 18.27 16.61 19.1 42.24 21.62 24.07 8.09 43.04 16.29 14.18 13.53 19.91 13.3 9.88 0.88 11 69.16 7.87 13.55 33.94 16.95 12.39 16.62 15.11 7.16 10.51 60.71 79.65 13.67 12.38 18.41 21.43 14.59 19.44 39.43 13.54 14.94 39.62 36.27 53.9 17.53 -17 27.16 12.17 24.04 -12.25 15.31 33.61 1.11 11.23 7.33 53.35 12.71 23.55 14.96 12.83 92.65 82.66
Investment Monitor Oct, 2010
25
Stock Market Moitor
Quarter End
Year End
Current Data
Company
Year End
Equity
Net Sales
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
T.V. Today Netw. TV 18 India UTV Software Wire & Wireless Zee Entertainmen Zee News Fasteners Sundram Fasten. Fertilizers Aries Agro Chambal Fert Coromandel Inter Deepak Fert FACT GNFC GSFC Khaitan Chemical Mangalore Chem. Nag. Fert & Chem Natl.Fertilizer RCF SPIC Tata Chemicals Zuari Inds. Finance & Investments A.K.Capital Serv Aditya Birla Mon Almondz Global Arihant Capital Bajaj Fin. Bajaj Finserv Bengal & Assam Centrum Capital Chola. Invest. Comfort Intech DB Intl.Stock Edelweiss Cap. Emk.Global Fin. First Leasing Fortune Fin.Ser. Future Capital Geojit BNP Global Capital IDFC IL&FS Inv Manage India Infoline India Securities Indiabulls Fin. Indiabulls Sec. IndiaNivesh Indl. Inv. Trust JM Financial JSW Holdings KGN Industries R R Fin. Cons. LKP Finance M & M Financial Magma Fincorp Mahan Inds. Manap.Gen.Fin. McDowell Hold. Money Mat.Fin. Motil.Oswal.Fin. Mount Ever. Trd. Nahar Capital Nalwa Sons Netwrk.18 Media Nouvea.Multimed. Oscar Investment PNB Gilts Reliance Capital Religare Enterp. SE Investments Shardul Sec. Shree Nath Comm. Shri.City Union. Shriram Trans. Spectacle Inds. SREI Infra. Fin. Sundaram Finance Tata Inv.Corpn. Vertex Secur. Finance - Housing Can Fin Homes Dewan Housing GIC Housing Fin GRUH Finance HDFC LIC Housing Fin. Finance - Term-Lending Institutions IFCI Power Fin.Corpn. Rural Elec.Corp. Tour. Fin. Corp. Food - Processing - Indian ADF Foods Hatsun AgroProd. Heritage Foods Kohinoor Foods KRBL Kwality Dairy L T Foods Lakshmi Energy Mavens Biotech Mount Everest REI Agro Temptation Foods Usher Agro Vikas Wsp Zydus Wellness Food - Processing - MNC Britannia Inds. GlaxoSmith C H L Jubilant Food. Nestle India
201003 201003 201003 201003 200903 201003
28.9 90.08 40.63 33.53 43.4 23.98 21.01 21.01 3430.3 13 416.21 28.05 88.2 647.07 155.42 79.7 9.7 118.55 428.18 490.58 551.69 131.17 243.32 29.44 3463 6.6 5.54 15.19 6.51 36.6 72.34 8.68 6.83 66.47 16 3 37.54 24.32 22.79 12.12 63.53 22.53 23.7 1300.61 40.61 57.04 19.96 61.98 45.99 3.78 10 74.97 11.1 22.25 5.54 13.08 95.98 21.78 7.15 34.04 12.14 27.75 14.32 1.29 8.37 5.14 57.17 6.17 17.28 135.01 246.16 127.81 10.15 17.5 0.25 49.15 225.54 5.15 116.29 55.55 48.24 6 573.21 20.49 82.03 53.85 34.73 287.11 95 2953.8 737.84 1147.77 987.46 80.72 324.19 20.38 6.79 11.53 28.19 24.35 18.2 26.12 12.64 10.99 34 31.93 25.14 21.26 13.6 39.07 225.99 23.89 42.06 63.62 96.42
284.82 276.91 326.52 193.87 1210.24 507.75 1333.86 1333.86 45332.29 138.17 3574.5 6452.77 1287.98 2141.61 2614.45 4016.8 202.17 2075.65 1988.65 5091.34 5641.93 416.47 5412.26 4277.54 24189.36 156.08 100.05 78.46 51.18 880.23 127.1 26.51 72.83 926.69 44.24 6.02 244.12 113.03 189 12.39 55.38 284.59 2.73 3582.83 90.33 698.21 7.76 1420.81 339.48 3.95 4.49 95.23 7.03 82.14 5.55 31.76 1561.76 689.71 -0.67 476.6 6.62 199.81 64.17 3.9 15.02 14.78 55.4 8.36 1077.49 101.22 2366.62 135.08 88.16 7.15 0.07 1102.64 4496.56 51.17 469.97 1224.59 229.84 8.69 16627.95 213.71 990.55 310.86 308.19 11338.28 3466.36 16412.72 1656.24 8008.42 6667.53 80.53 11905.8 97.61 1140.6 900.38 772.8 1579.01 582.8 696.17 691.44 21.58 19.08 3692.68 870.07 208.95 365.11 267.52 10881.94 3401.4 1924.87 423.93 5131.74
13.93 -3.75 29.99 -15.13 16.15 0.06
75.13 98.94 75.41 -67.45 468.56 104.84 172.75 172.75 5549.27 27.85 707.47 843.04 348.16 40.23 362.31 567.4 19.44 126.34 388.64 368.06 520.32 -7.4 981.05 256.36 17721.92 93.32 23.82 20.56 12.57 343.59 81.19 29.23 36.5 550.21 2.8 0.74 181.23 20.98 173.83 10.15 30.05 93.78 2.17 3300.21 59.43 279.05 9.46 935.5 134.19 3.63 17.23 49.4 5.78 2.55 4.75 27.29 1032.2 452.08 -0.75 324.48 6.2 173.94 60.16 3.66 14.2 14.13 7.59 0.89 1086.45 91.09 1708.01 94.51 73.46 9.84 0.04 818.12 3586.34 1.59 407.05 1002.09 222.95 1.16 15950.33 200.21 876.55 281.03 276.06 10997.27 3319.21 16704.79 2015.42 8060.82 6547.43 81.12 1702.45 25.58 66.18 53.12 86.66 202.42 27.2 88.72 218.26 1.43 -11.76 612.61 74.12 27.42 159.57 70.92 1665.36 166.41 402.76 66.54 1029.65
24.24 34.61 23.1 -34.79 38.72 20.65
30.86 -32.47 58.85 -173.81 309.74 43.96 75.43 75.43 2172.14 11.14 249.05 468.2 172.05 -103.83 123.84 254.47 0.81 56.49 66.37 171.51 234.87 -124.57 434.78 156.96 5728.74 54.26 9.48 10.78 5.73 89.41 29.39 24.04 16.22 15.42 1.98 0.24 34.2 8.4 34.87 7.85 17.32 57.15 1.23 1012.84 39.29 152.02 6.83 264.16 61.22 0.13 13.78 47.31 4.38 0.86 4.24 19.22 342.71 66.46 -0.85 119.72 2.63 113.6 42.4 3.24 13.01 11.28 -45.41 0.67 952.68 36.7 339.42 55.52 26.33 7.88 0.02 194.26 873.12 0.9 111.49 226.75 193.92 0.28 3814.6 39.19 150.69 67.09 68.96 2826.49 662.18 5063.69 670.94 2357.25 2001.42 34.08 643.19 15.63 2.69 5.6 8.22 107.11 9.38 24.95 91.56 0.59 -14.1 157.17 52.7 14.84 121.58 45.27 1037.26 116.51 232.78 32.97 655
5.21 0 14.48 0 6.8 1.83
13.85 4.94 4.61 0 18.84 24.29
8.5 -4.65 5.74 0 13.85 21.63
201006 201006 201006 201006 201006 201006
65.01 64.72 122.93 49.75 452.67 57.56 405.78 405.78 10157.68 21.75 951.46 1548.87 347.34 495.75 367.81 1066.76 122.5 489.29 330.78 1158.73 791.34 97.49 1424.95 942.86 5735.23 40.07 25.51 15.59 10.2 270.13 29.03 5.01 14.03 241.66 21.19 2.77 70.41 25.65 37.25 2.24 32.46 53.51 0.92 991.61 20.14 149.59 1.23 384.52 75.97 -0.83 0.5 9.31 18.24 3.09 2.34 8.3 392.4 156.57 14.75 186.07 0.17 62.76 12.43 1.37 0.57 1.86 5.87 30.67 6.54 28.17 163.19 13.83 40.56 0.15 3.31 280.88 1226.92 13.55 179.24 306.43 45.8 1.87 4249.58 53.92 276.49 76.88 73.61 2797.13 971.55 4799.04 496.71 2404.63 1877.07 20.63 3547.47 21.98 328.27 251.52 154.53 312.83 318.9 188.76 338.56 10.6 4.78 949.8 355.58 95.94 128.1 87.32 3052.4 912.83 537.35 135.51 1466.71
-8.49 11.15 265.65 5.45 89.46 -56.72
10.97 60.37 32.88 3.28 53.48 14.38
1.55 16.67 35 -41.15 37.03 3.02
0.22 0.59 10.59 0 2.86 0.07
84.5 93.25 522.6 14.6 305.8 16.17
76.1 69.3 370 13.1 223.9 12.24
151.8 100.5 579 23.2 326 77.15
55.88 59.54 70.06 63.26 42.82 54.14
43.27
14
5.56
1.07
64.7
37.05
70
49.53
19.57 23.59 -2.46 45.69 42.26 -36.11 -6.68 85.86 22.86 0.53 37.21 -6.13 0.98 2.25 -17.26
23.77 19.87 13.57 29.16 8.84 -2.01 18.58 20.87 5.49 31.11 4.41 6.82 70.44 21.12 5.55
3.86 6.72 7.84 15.03 0.74 -6.16 10.18 11.37 2.56 8.2 1.53 2.5 45.39 10.61 2.95
0.64 1.54 8.65 5.92 0.06 0 13.63 14.36 1.06 0.63 0.36 0.36 3.34 6.22 9.44
171.7 70.65 609.25 174.45 49.2 118.2 297.35 177.35 35.75 30.75 119.45 82.45 23.95 410.1 782.25
47.6 46.1 200.3 83.05 30.5 87.55 160.2 27.25 17.6 26.5 47.5 57.1 10.7 249.1 309
203.7 77 675.8 187.45 73.4 135.7 327.85 190 41.9 39.75 149.25 117.9 28.3 433.8 833.8
52.64 53.73 64.27 42.61 98.96 41.18 37.84 74.99 30.44 37.88 97.64 92.5 37.29 28.13 34.37
20.73 4.16 -11.87 -10.45 63.85 -10.51 355.45 -37.51 14.05 396.25 95.07 25.49 -2.14 -9.37 -15.47 110.51 -19.45 46.03 13.25 -6.54 -2.64 35.16 33.02 -6.49 -653.33 -76.08 -22.09 1420 -87.41 10.9 41.4 22.54 25.46 73650 177.18 -29.17 -3.22 -7.79 -71.16 -76.64 17.72 2.26 -9.39 -22.97 -52.96 -73.11 246.62 135.54 -225 33000 5.54 21.85 65.65 236.85 13.03 14.84 53.28
56.95 27.32 23.22 48.14 53.84 75.54 113.97 25.59 66.63 2.55 19.13 82.32 20.47 95.06 53.57 82.04 29.73 86.96 91.59 56.7 35.09 269.11 84.26 43.89 107.23 64 16.54 97.37 8.09 63.25 76.75 62.53 65.54 1.15 62.04 52.94 92.99 200.8 51.82 805.26 94.09 45.83 0.52 232.72 100.39 112.18 5.5 85.87 593.33 32.93 72.21 81.03 0.66 95.34 85.3 94.72 16.58
35.14 10.86 10.39 33.43 17.32 42.78 98 2.92 6.53 2.41 11.19 21.79 10.02 23.97 32.59 35.21 16.3 76.09 32.24 37.44 17.55 103.25 33.35 17.31 142.17 58 6.55 87.55 7.77 55.56 58.55 18.91 10.47 0.68 24.8 -400 62.81 171.12 34.31 671.93 62.37 -324.87 0.26 207.65 45.76 30.89 -33.84 42.06 426.67 19.34 17.49 23.55 0.3 24.62 19.19 78.58 4.81
21.33 0.5 0.64 5.24 12.78 0.9 5.66 0.6 1.74 0.03 0 2.04 1.05 3.92 0.6 1.8 0.39 0.29 2.46 0.37 0.92 0.06 4.14 0.57 0 0.29 0.01 14.39 0.01 2.35 3.72 7.73 6.05 0.03 1.36 0 14.21 1.49 0.85 2.29 2.26 0 0.05 7.86 0.95 2.05 0 1.21 0.37 1.07 9.99 12.81 0.01 3.7 10.59 7.46 0.08
649.45 45.9 72.8 72.35 791.6 531.8 436.95 1523 174.55 16 52.1 53.9 86.9 72.25 155.7 244.75 33.7 83.5 205.6 52 116.75 41.85 145.2 26.2 406.2 200 43.35 2135.25 243.2 105.15 116.25 614.2 78.95 7.77 140.2 160.05 626.8 173.25 186.15 119.8 1345.1 147.1 120.2 593.15 37 811.75 461.45 49 107.5 51.9 580 769.05 160.55 94.7 595.1 586.8 253.85
226 30.3 35.2 15.63 224.15 272.45 136.25 1182 49.25 7.8 6.9 39.5 58 45.1 49.6 140.05 28.9 45.3 139.8 37.1 89 4.1 93.1 22 349.5 42.5 29.5 1395 126.8 45.05 97 218.1 28.4 0.48 40.2 60.25 95 135.35 74.5 43.65 950 64.9 15.6 305.1 23.3 611.3 342.05 9.6 61.5 1.79 360.05 362.15 58 60.55 274.35 413.05 13.2
684 70.75 78.7 85.7 818 557.55 454 1710 181.7 18.39 52.1 64.45 119.9 82.9 187.95 302.2 48.4 97.9 210.8 55.5 163.7 47.2 195 61.2 840 233.9 52.6 2220 421.6 161.4 142.3 722 87 11.47 145 197 704.4 187.5 230 128.8 1497 185 124.85 645 40.1 972.9 520 69.35 113 51.9 643 809.2 164.9 102.7 610 628.8 269.3
58.67 75 50.37 74.52 50.52 55.45 69.73 33.73 74.96 44.25 27.87 38.05 71.72 27.28 48.06 70.05 63.18 5.26 0 51.74 31.89 74.22 32.41 29.88 44.38 62.72 66.33 55.9 49.05 68.15 51.58 60.99 41.81 3.05 40.67 36.66 69.12 69.68 71.98 0 55.62 58.04 44.67 69.11 74.07 54.02 57.1 23.69 70.08 13.65 53.81 41.4 16.25 30.02 41.38 69.98 64.02
7.8 34.44 3.78 17.01 -1.65 30.4
91.8 95.84 92.18 84.85 96.18 99.64
16.23 18.53 25.17 21.67 24.83 21.82
4.3 5.79 3.59 4.58 24.02 22.33
142.9 283.15 141.7 423.6 727.8 1400.65
78.05 137.5 78.5 190 460 687
172 324.9 152.4 449 780.05 1405
42.38 39.67 46.97 61.14 0 36.54
55.85 27.13 29.51 24.43
101.74 97.72 100.97 91.66
23.76 27.13 31.29 33.93
1.6 5.68 5.95 0.87
62.35 342.45 343.5 39.35
41.1 205.5 188.3 20.15
64.4 364 361 41.4
0 89.78 66.8 57.93
-5.34 30.4 15.34 -13.56 -22.07 63.17 -4.74 89.62 0.86 7.66 10.73 16.17 46.92 29.45 36.12
20.97 7.37 3.07 14.94 14.87 5.26 10.43 14.53 5 -44.35 20.4 9.52 14.58 40.37 13.54
11.65 1.69 -0.58 1.88 7.48 1.95 1.39 5.34 4.06 -53.56 6.49 5.37 5.03 28.81 8.76
1.28 1.63 0 1.03 0.96 0.34 1 2.86 0.04 0 1.91 7.59 0 2.71 1.96
82.3 120.4 235.95 54.95 35.9 100.35 65.7 85.75 14.4 83.8 21.65 37.2 93.35 31.95 599.9
60 77 141.1 43.5 11.71 60.5 50.95 85.5 13.95 53.6 18.85 27.6 34 18.8 161
118.6 130.5 258.45 69.05 38.5 228.3 85.85 175 174.95 101.3 42 44.9 108.9 38.15 639.35
40.64 73.09 45.7 39.78 56.74 74.98 56.73 44.97 32.04 50.24 37.89 17.45 39.41 14.8 72.51
24.83 14.48 59.44 21.26
6.97 21.86 18.63 20.28
3.6 13.35 11.28 13.28
13.74 17.06 2.39 20.21
428.5 2029.2 501.5 3331.8
488.41 1694.73 2123.32 661.96 14816.01 387.76 1359.35 1359.35 45995.51 223.21 2940.52 8569.1 1538.65 3183.58 1837.06 2373.15 172.03 423.71 1316.65 5859.98 4548.68 258.54 10447.71 2302.94 151698.56 428.64 254.29 184.55 150.63 2897.26 7694.08 379.27 1040.21 1918.48 511.84 182.35 4047.89 212.21 164.66 191.2 1572.52 760.61 197.9 30017.6 1055.86 3396.26 835.33 4506.28 605.48 153.54 200 3251.25 2370.13 5411.2 58.15 152.06 5951.6 1021.22 288.66 4772.41 194.3 1692.36 2498.27 219.84 200.55 691.38 1701.65 185.47 1024.96 499.54 19939.02 6162.66 993.72 188.13 310.36 2858.24 17345.15 826.83 1099.85 3305.78 2830.72 152.31 125046.67 292.95 2948.16 763.05 1480.06 106266.08 13296.37 78142.69 4600.43 39305.38 33919.25 317.63 10284.66 164.6 409.36 272.05 154.9 872.73 2039.11 171.61 541.94 158.26 284.92 2074.07 150.51 207.8 438.99 2343.81 49005.12 5118.43 8534.82 3226.65 32125.22
300.25 1113 161.6 2205
534.7 2042.9 559 3349
50.96 43.16 61.74 61.85
26
201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200906 201003 201003 200903 201003 201003 201003 201003 201003 201003 200803 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 200903 200906 201003 201003 201003 200903 201003 201003 201003 201003 200703 200903 200903 201003 200803 200903 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 200909 200903 201003 201003 200903 200906 200903 201003 201003 200912 201003 200912
5.68 26.96 -22.22 -31.49 -8.79 -0.27 -10.47 -31.74 -42.37 -15.95 -16.22 -0.7 -32.56 10.22 -35.28 -29.77 19.89 41.29 13.58 35.86 50.71 13.45 64.15 37.47 -16.9 70.02 -51.53 27.55 28.82 3.49 65.42 -57.62 80.03 76.13 7.9 -6.91 41.9 -85.11 -20.22 -15.19 -43.17 -61.88 289.33 -82.8 -56.01 23.06 -68.9 13.25 12.08 31.37 189.32 250.26 17.85 -11.06 -73.21 -56.65 11.04 -41.38 6.63 2486.39 -9.17 -20.43 392.27 82.75 -199.86 -88.33 18.83 21.62 25.11 45.83 12.05 8.25 35.15 -4.12 43.44 -0.51 4.78 3.12 20.22 20.61 22.01 36.57 19.71 4.78 12.59 13.11 21.56 26.78 75.06 0.31 -55.11 3.9 -13.23 50.95 165.22 47.94 19.59 37.37 9.29 24.83 51.07 18.58
12.15 19.93 19.78 12.99 23.36 2.46 13.36 13.74 9.8 6.08 19.54 7.22 9.13 9.81 17.8 5.99 58.79 23.59 25.66 24.53 37.5 62.55 95.87 50.05 56.71 6.33 12.25 72.7 18.16 91.1 70.29 53.86 32.56 79.49 91.75 62.09 39.96 86.08 65.45 38.92 91.9 88.13 51.24 82.22 3.1 9.1 68.33 65.8 64.26 0 67.85 93.66 86.78 93.62 93.85 94.48 95.6 13.51 4.16 97.97 89.54 70.49 53.86 83.14 87.54 57.14 73.84 79.61 3.1 86.58 80.25 95.84 12.39 92.14 88.31 90.33 89.32 96.8 94.67 82.91 98.5 97.61 92.71 26.2 5.8 5.9 14.96 12.82 4.67 11.13 31.57 6.63 -61.64 16.59 8.52 13.12 43.7 26.51 6.05 19.89 13.99 19.72
3.44
11.69
16.63
201006
8.32 5.67 31.7 18.95 0 7.43 31.18 0.63 4.6 1.47 3.32 4.07 0 16.37 52.55
15.19 11.65 25.28 16.4 0 9.81 16.77 7.46 19.03 12.32 14.74 13.24 0 10.75 13.94
11.88 18.98 36.55 17.23 0 6.05 12.49 1.14 17.66 7.13 11.24 13.38 0 10.68 15.73
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
81.18 1.71 4.19 8.46 23.43 1.87 27.7 23.57 1.6 0.12 0.8 3.69 3.29 14.99 6.48 2.56 2.41 0.52 7.62 1.69 4.82 0.34 7.34 2.32 0.19 13.53 0.6 3.95 0.37 7.49 13.51 34.42 26.91 0 34.37 2.17 40.61 2.92 25.12 10.25 21.95 0 1.09 551.32 2.55 12.69 3.97 25.66 4.3 0.8 38.69 37.7 0.17 9.39 39.42 38.01 0.38
50.86 24.96 16.62 25.64 9.49 3.89 9 14.01 8.71 11.76 3.65 7.76 11.03 12.04 11.49 2.45 27.65 7.37 10.39 85.89 18.61 3.84 9.02 23.89 5.47 22.7 2.95 0.93 2.77 2.08 14.77 13.75 12.13 0 20.8 9.54 79.77 12.45 8.69 4.65 5.33 0 3.17 111.28 5.32 8.6 3.54 16.74 10.23 1.37 15.26 15.98 20.56 12.46 11.11 15.25 6.05
35.69 18.89 10.85 13.66 7.98 2.43 10.8 8.51 2.76 8.68 1.87 2.57 6.5 15.39 9.1 2.31 19.21 4.84 15.76 57.32 14.1 3.41 7.22 24.1 0.53 18.15 2.87 0.71 1.45 1.88 12.97 21.43 18.81 0 30.92 5.73 54.91 9.35 7.9 4.33 4.25 0 2.82 116.76 6.67 4.93 2.02 14.05 8.85 1.94 23.26 28.35 14.8 15.02 18.37 15.67 3.86
201006 201006 201006 201006 201006 201006 201006 201003 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201003 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201003
18.79 17.75 11.71 18.78 92.47 67.16
9.91 10.79 9.61 10.87 10.52 10.07
15.03 21.82 18.25 28.41 19.95 23.56
201006 201006 201006 201006 201006 201006
8.93 19.77 19.24 4.02
13.46 11.07 11.08 11.82
22.43 17.9 23.18 11.52
201006 201006 201006 201006
7.42 0.69 4.56 2.92 4.35 4.98 9.41 14.47 0.05 0 4.86 20.86 6.9 8.85 11.09
21.68 12.02 12.52 12.36 16.6 28.53 9.55 18.53 6.63 0 13.2 23.86 19.95 20.18 81.78
16.07 4.81 6.56 16.05 23.77 32.99 9.38 17.83 4.07 0 22.08 23.73 25.2 18.98 53.4
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
44.62 52.29 5.18 59.69
20.56 43.31 24.37 174.16
24.53 27.95 25.83 124.22
201006 201006 201006 201006
Investment Monitor Oct, 2010
Stock Market Moitor
Quarter End
Year End Company Glass & Glass Products Asahi India Glas Borosil Glass Empire Inds. Hind.Natl.Glass Piramal Glass Saint-Gob. Sekur Sezal Glass Healthcare Apollo Hospitals Fortis Health. Indrapr.Medical Poly Medicure Siemens Health Hotels Advani Hotels. Asian Hotels (N) Bhagwati Banq. Country Club (I) EIH EIH Assoc.Hotels Fomento Resorts Graviss Hospital Hotel Leela Ven. Indian Hotels Kamat Hotels Mac Charles(I) Mahindra Holiday Oriental Hotels Panoramic Univ. Royal Orch.Hotel Sayaji Hotels Ster. Holid. Res TajGVK Hotels Viceroy Hotels Leather / Leather Products Bata India Crew B.O.S.Prod. Liberty Shoes Mirza Internatio Relaxo Footwear Mining / Minerals / Metals Ashapura Minech. Balasore Alloys Ferro Alloys Cor GMDC Greenearth Reso. Guj NRE Coke Himadri Chemical Hind.Copper Hind.Zinc Indian Metals Mah. Elektrosm. Maithan Alloys Manaksia Nissan Copper NMDC Orissa Minerals Resurgere Mines Rohit Ferro Tec. Sandur Manganese Sesa Goa Sterlite Inds. Tinplate Co. VBC Ferro Alloys Miscellaneous ABG Shipyard Advanta India AIA Engg. Alchemist Allcargo Global Anil Prodcuts Arshiya Intl. Bajaj Holdings Bharati Shipyard Binani Inds Camson Bio Tech. Carol Info Serv. Century Ply. Confidence Petro Container Corpn CRISIL Deep Industries Dredging Corpn. Ennore Coke Entegra ETC Networks GAIL (India) Gateway Distr. Greenply Inds. Guj Gas Company Guj. Reclaim Guj.St.Petronet Hanung Toys ICRA Indraprastha Gas Info Edg.(India) Jolly Board JVL Agro Indus Karuturi Global Kaveri Seed Co. Kirloskar Indus. Kothari Products Mahalaxmi Rubtec Mundra Port Neha Intl. Petronet LNG Pipavav Shipyard REI Six Ten Rel.Nat.Resour. Ricoh India Riddhi Siddhi Gl SPARC Sukhjit Starch Talwal.Better
Year End 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200909 200903 201003 200903 200903 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 200912 201003 200903 200912 200903 201003 201003 201003 201003 201003 201003 201003 200903 201003 200912 201003 201003 201003 200903 200903 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 200906 201003 201003 200903 200903 201003 201003 201003 201003 201003
Equity
Net Sales
243.77 3648.81 15.99 1263.38 3.96 88.11 6 149.25 17.47 1359.9 80.44 659.15 91.11 84.12 28.8 44.9 483.25 2765.8 61.78 1825.78 317.32 213.14 91.67 424.43 10.91 134.98 1.57 167.47 611.84 4810.79 9.24 30.57 11.4 145.09 29.29 63.81 15.48 292.93 78.59 774.13 19.59 147.94 16 44.75 17.29 61.92 75.56 449.77 72.35 1473.29 13.79 102.81 6.55 41.52 83.29 468.75 17.86 190.39 6.48 47.01 27.23 77.83 12.85 82.19 44.05 30.59 12.54 228.25 42.41 57.25 118.66 2685.5 64.26 1095.95 12.82 428 17.04 260.46 18.54 347.39 6 553.7 2487 43951.36 15.8 503.06 33.66 409.32 18.53 348.58 63.6 1065.22 29.03 441.49 498.19 1401.86 38.57 505.93 462.61 1318.87 422.53 8016.97 26.34 593.33 24 331.31 9.71 477.99 13.91 978.56 28.98 179.48 396.47 6239.09 0.6 82.35 28.54 526.24 39.48 812.26 8.75 427.82 83.1 5331.23 168.08 13104.72 72.09 771.85 4.39 83.83 5959.3 68372.17 50.92 1807.67 16.84 102.76 18.86 803.97 12.24 389.19 24.96 516.76 7.4 276.45 11.75 273.61 106.04 805.96 28.94 1348.22 29.62 23 16.05 79.98 35.44 24.08 22.25 768.02 25.88 247.5 129.98 3705.68 7.23 441.62 21.25 55.34 28 645.43 15.5 386.91 101.86 90.81 9.74 66.66 1268.48 24996.4 107.9 158.57 11.05 932.31 25.65 1417.64 1.33 141.87 562.45 991.97 25.19 836.13 10 106.16 140 1087.63 27.3 232.22 4.55 130.87 7.5 1382.12 48.93 26.81 13.7 162.14 9.71 4.66 6.63 348.72 8.82 88.3 400.68 1392.52 13.76 18.88 750 10649.09 665.8 629.38 28.73 831.2 816.57 270.01 39.77 256.53 11.14 745.62 20.71 34.41 7.38 258.55 18.07 60.06
Growth (%) 3.3 30.98 13.99 3.73 11.93 -13.53 -7.35 25.23 20.53 8.5 20.42 64.53 -29.17 -77.4 7.95 -6.78 -13.42 -6.97 -6.48 -11.23 -4.7 -9.03 -14.35 -34.17 19.26 -10.43 18.12 -17.48 19.83 -1.39 -3.89 -14.97 10.76 33.21 7.91 4.5 35.89 -28.13 -35.27 12.36 9 92.23 -7.93 33.72 9.03 41.14 -40.83 2.22 -25.79 32.43 33.31 -17.52 -69.7 21.26 -6.5 58.65 4.89 13.6 18.58 3.35 28 -26.24 -12.76 26.39 -0.01 22.69 6.54 266.5 32.33 63.12 61.87 -10.38 10.07 59.95 8.44 16.72 65.19 -5.82 282.89 -53.07 -14.34 4.59 -22.1 18.76 9.35 8.67 103.48 31.26 19.64 26.41 -5.28 10.73 19.68 -36.38 31.76 -99.78 342.88 8.5 22.68 33.43 26.34 0 446.52 33.15 6.03 39.63 -2.08 27.6 12.73
EBITDA 771.33 255.51 -18.86 49.79 316.33 148.07 13.07 7.42 507.18 314.22 63.21 69.69 30.08 29.98 1629.91 3.65 52.62 19.42 41.77 257.49 47.22 13.74 13.76 153.44 496.86 46.06 36.28 200.37 60.15 25.57 19.35 20.85 5.4 86.76 29.15 373.89 137.88 63.18 25.09 52.92 94.82 17450.72 75.19 77.11 36.74 518.33 133.36 267.93 197.94 237.22 5392.28 142.27 81.89 71.07 94.57 24.19 5280.48 114.97 65.32 111.73 235.34 2769.16 1354.73 156.43 12.47 15131.52 585.56 -10.34 206.74 34.57 158.82 30.08 29.44 807.21 361.99 22.16 18.07 159.33 128.4 22.79 1142.27 204.15 31.66 144.44 31.89 5.25 21.33 5209.29 88.68 105.48 303.56 27.57 957.21 164.19 76.07 404.89 96.71 83.41 47.2 10.85 37.15 45.03 84.68 11.59 1110.79 1.73 944.32 60.89 43.65 166.79 31.61 121.87 -18.76 31.95 26
EBITDA (%) 19.02 -20.7 32.31 21.82 21.76 14.33 17.92 17.21 26.93 16.42 22.01 17.7 19.95 36.27 30.43 14.26 33.26 32.6 30.7 22.22 34.12 30.23 44.34 65.15 42.75 31.59 54.39 24.86 25.37 17.65 38.01 51.13 12.39 14.76 9.43 15.23 17.12 1.43 18.73 10.54 48.62 30.21 18.23 35.21 16.59 63.91 23.66 21.43 14.36 10.61 12.81 84.64 139.61 12.41 13.39 55.01 51.94 11.29 20 11.25 32.39 -10.06 24.87 8.87 30.73 10.47 10.76 100.16 26.85 96.35 22.59 421.18 15.97 8.98 30.82 46.23 57.21 22.38 8.24 5.78 32 20.53 55.92 10.88 21.09 18.76 96.5 19.62 71.66 33.12 41.65 62.27 3.42 40.47 22.91 768.45 2.98 13.07 79.77 9.16 8.87 9.67 5.25 49.73 12.32 16 -54.52 12.03 39.32
PAT [Latest] 180.46 1.23 -24.79 25.83 155.19 15.77 5.04 2.19 234.91 151.96 30.15 31.06 16.43 5.31 541.24 0.05 26.88 9.61 9.72 57.23 5.29 6.96 3.07 41.02 153.1 1.39 25.25 117.84 23.15 21.34 8.28 5.18 -9.02 36.27 -1.37 151.47 67.23 18.57 9.2 18.78 37.69 11621.66 9.74 12.55 14.02 279.88 45.25 51.87 107.34 154.68 4041.41 41.01 47.9 30.24 23.86 9.13 3447.26 74.44 27.5 34.18 147.47 2118.09 831.5 67.15 5.19 8720.77 228.92 -41.43 122.56 14.03 97.98 10.52 15.4 771.33 138.87 16.65 15.15 67.61 80.95 13.91 786.69 150.34 14.37 70.05 9.24 1.01 8.61 3139.84 77.21 49.57 175.13 13.81 413.77 90.48 50 215.5 56.93 51.18 25.86 8.78 29.07 38.69 66.84 4.51 700.97 0.99 404.49 -48.82 22.6 69.87 17.24 39.22 -21.55 14.44 7.94
EPS
ROCE
RONW
Qtr End
0.08 0 39.73 17.53 1.79 0.55 0.76
7.35 0 48.77 16.17 8.04 5.42 1.07
-0.64 0 60.78 17.49 5.16 4.92 2
201006 201006 201006 201006 201006 201006 201006
23.43 0.95 3.12 14.63 32.1
12.83 2.32 29.99 26.24 15.14
10.43 1.96 24.12 30.96 11.28
201006 201006 201006 201006 201006
0.01 45.42 3.28 1.19 1.26 2.45 4.09 0.31 1.05 1.96 1.01 36.69 13.48 11.72 12.89 3.04 4.03 0 5.45 0
8.41 11.48 10.75 4 8.16 10.4 22.75 2.72 2.45 6.69 6.28 12.09 17.15 11.28 12.46 4.66 7.57 0 16.28 1.76
6.74 8.64 7.44 1.46 4.85 5.47 18.65 1.1 5.05 4.08 1.08 9.52 36.98 8.19 21.39 4.25 9.3 0 12.87 -1.14
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
9.95 14.49 5.4 1.96 31.16
35.93 16.4 8.25 17.19 36.14
24.38 14.59 7.25 14.3 40.99
201006 201006 201006 201006 201006
1.23 1.86 0.72 8.38 15.42 0.86 27.66 1.67 94.65 14.72 19.28 30.89 3.05 3.06 8.4 1209 9.64 8.57 167.84 24.94 9.18 7.52 11.39
-0.37 14.36 15.3 26.27 23.02 8.03 18.44 20.63 31.08 11.05 54.63 26.1 12.73 14.93 40.27 14.74 11.9 16.2 194.48 39.72 6.13 22.57 5.15
-20.38 5.71 9.42 21.33 14.91 3.62 19.16 14.8 24.88 7.7 33.09 29.38 6.7 12.82 26.61 9.76 7.18 12.93 127.37 36.12 5.46 29.99 2.72
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
44.28 0 12.58 11.12 7.68 14.04 2.46 67.76 47.47 5.62 9.26 18.74 3.59 0.54 58.18 190.95 6.68 24.52 5.96 0.1 8.42 23.5 6.56 22.18 12.23 100.53 7.19 35.58 47.19 14.65 20.73 109.67 34.31 0.16 20.88 34.75 97.5 5.03 17.49 0.58 5.1 0 7.7 0.43 4.33 33.93 0 18.58 4.28
16.54 -3.52 26.26 11.08 15.11 17.01 3.88 22.78 14.34 6.35 27.91 14.85 27.78 9.97 24.87 50.16 17.97 6.02 20.33 1.38 14.34 27.14 11.11 14.96 29.68 33.65 27.8 18.11 38.1 41.17 25.73 82.45 17.03 1.19 19.26 3.67 1.73 15.37 15.84 1.77 17.41 0 81.82 4.29 26.87 22.96 0 16.26 16.57
23.52 -9.9 17.6 13.67 15.21 17.21 3.12 21.77 18 7.36 26.24 5.43 41.18 10.14 19.43 39.63 15.35 5.39 25.57 0.33 8.65 19.89 11.86 21.96 24.44 28.82 29.78 26.01 25.71 28.56 16.19 56.63 25.06 1.97 21.07 4.26 1.14 14.15 21.81 1.63 19.18 0 67.02 2.16 16.17 22.13 0 15.07 25.36
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
Net Sales 966.4 326.36 24.77 35.34 364.74 163.33 20.8 31.06 772.11 523.29 59.33 106.26 38.32 44.91 1124.9 6.47 49.25 23.6 52.95 186.34 29.39 9.03 13.6 104.07 328.74 26.95 12.06 89.91 48.21 12.42 20.61 25.22 10.14 60.59 15.35 814.09 350.07 151.52 63.56 95.05 153.89 12760.77 124.44 141.35 122.43 341.85 46 452.15 154.06 225.8 1950.77 235.73 83.8 128.49 239.07 42.6 2517.99 19.49 210.67 277.67 99.46 1899.18 3187.97 234.44 25.36 18567.84 449.45 59.06 198.71 120.26 162.16 106.2 92.7 144.68 362.59 5.75 20.71 5.21 219.67 113.93 915.89 124.3 12.93 110.55 80.49 0.19 18.73 7095.95 37.46 284.23 409.38 41 251.79 246.49 27.08 335.01 65.88 15.48 469.12 5.48 148.04 0.95 96.44 32.79 405.87 9.77 2525.96 176.02 149.64 62.49 50.96 202.08 15.1 78.77 16.24
Investment Monitor Oct, 2010
Growth (%)
Ebitda (%)
Current Data PAT (%)
EPS
CMP
8.34 63.07 14.29 10.85 18.79 15.56 137.83
19.11 15.26 31.83 21.37 23.35 13.13 3.73
0.48 8.56 16.86 8.59 5.57 5.19 -29.49
0.1 5.35 9.93 3.59 1.13 0.12 0
99.85 753.4 739.1 231.95 122.2 30.4 95.85
28.91 22.1 0.68 23.06 -1.04
17.57 87.17 16.58 21.71 10.69
7.5 46.57 7.37 12.71 -2.63
6.36 0.85 0.85 4.42 0
431.3 163.05 43.8 238.15 1469.55
-0.15 -47.18 54.05 -5.26 22.55 15.35 8.93 -6.14 25.19 25.3 36.87 27.62 -23.92 30.72 5.17 15.53 48.18 11.8 27.18 18.44
-14.99 29.52 27.29 24.87 13.93 20.24 26.8 15 34.4 19.36 37.85 35.74 27.95 18.73 33.82 21.25 32.04 -7.69 37.7 49.51
-29.52 10.8 14.45 6.74 -8.55 -6.09 12.51 0.22 8.88 1.01 0.67 17.99 14.78 3.48 23.75 11.64 2.85 -18.15 16.69 -6.58
0 4.67 1.17 0.42 0 0 0.71 0 0.24 0.05 0.13 3.32 1.59 0.94 1 0.88 0.41 0 1.61 0
52.9 312.95 180.6 21.45 140.1 220.4 147.85 32.5 54.85 103.25 126 270 484.05 366.05 21.2 84.95 108.75 89.05 162.05 50.2
13.43 77.53 6.73 16.8 19.18
13.51 11.81 8.68 18.21 13.67
7.4 3.59 3.82 8.32 5.66
4.03 4.25 1.43 0.85 7.26
332.5 167.95 104.15 16.8 436.8
16.08 83.81 73.98 25.23 -48.72 45.84 81.52 -30.41 29 106.4 15.25 37.32 79.07 6.55 97.02 -32.09 120.5 61.58 82.16 101.77 34.83 20.02 49.18
10.92 22.53 29.09 53.15 8.98 17.2 25.98 21.53 60.5 46.98 22.82 20.5 13.65 15.28 90.27 108.57 11.72 10.92 44.91 63.41 22.9 9.74 21.65
0.86 8.25 17.72 30.64 -13.96 4.43 11.88 11.6 45.67 23.04 14 13.17 6.1 5.09 59.73 70.45 5.79 4.26 28.93 54 13.16 4.59 11.24
0.14 1.81 1.17 3.29 0 0.37 4.74 0.28 21.09 20.62 4.89 11.62 2.1 0.54 3.79 228.76 3.98 2.99 32.88 11.95 1.25 1.5 0
52.4 31 24.3 135.8 5.61 61.25 492.7 440.8 1125.75 711.95 409 149.1 92.65 3.8 265.7 30335.55 2.25 51.85 614.1 336.05 177.8 81.55 369.15
14.33 -15.84 24.75 43.66 39.29 24.3 79.2 -52.27 10.07 80.25 5.39 -19.85 32.7 56.91 0.94 13.88 15.96 -31.19 29.86 137.5 38.23 17.5 -3.48 48.72 23.47 38.33 19.43 46.47 29.51 44.05 24.54 -1.78 97.06 -2.66 47.95 -99.8 120.03 61.61 36.18 839.42 -3.31 24.69 -14.59 -24.27 16.06 29.74 445.13 36.37 27.97
25.2 43.38 24.84 8.09 28.77 18.16 10.84 98.7 25.68 778.96 29.12 33.01 12.39 16.54 30.88 35.18 59.24 30.21 7.38 2142.11 9.29 21.17 49.01 10.79 23.95 21.51 96.84 20.39 60.01 32.41 40.98 117.7 3.99 18.07 24.13 801.05 2.27 12.29 71.53 6.55 10.31 14.15 6.36 52.33 7.67 24.43 8.28 17.44 34.3
8.55 13.36 15.23 4.14 16.01 8.31 4.99 90.16 6.1 726.43 26.07 128.02 7.78 6.93 21.13 25.2 27.92 14.26 1.58 -6510.53 2.4 12.5 40.58 3.66 14.12 10.95 41.74 11.07 39.99 17.06 26.21 90.31 2.35 4.56 21.06 591.58 1.27 6.89 52.06 5.94 4.41 -5.56 3.33 16.07 3.08 15.42 3.18 10.85 10.04
7.54 4.68 3.21 4.07 2.02 9.04 0.79 12.3 7.65 14.11 3.37 1.88 0.77 0.31 14.89 43.35 1.7 5.63 0.82 0 0.46 6.99 1.41 4.7 4.48 33.66 1.87 10.84 10.83 4.08 6.33 30.58 8.57 0.01 22.75 5.79 1.83 0 5.27 0.4 1.48 0 0.35 0.06 0.4 27.89 0.02 11.58 0.86
243 458.55 399.65 229.25 155.95 225.35 271.8 860.9 221.4 108.7 184.8 82.5 65.55 18.25 1310.1 6091.65 97.3 555.3 107.05 28.9 265.05 479.5 115.45 201.35 389.7 1129.6 113.3 312.65 1244.9 311.95 657.8 486.1 438.4 24.5 314.6 376 525.95 21.25 166.6 141.4 108.45 100.1 81.95 39.7 42 439.3 91.95 247.7 236.5
52 WL 5900.36 1596.6 298.35 443.46 2026.08 982.85 276.97 276.05 12828.07 5329.14 6604.5 401.51 262.2 230.72 24698.23 244.4 356.76 528.98 182.54 5505.23 431.76 236.56 280.96 2127.08 7470.14 189.5 176.85 4077.15 653.77 164.81 231.32 190.53 420.94 1016.05 212.9 3209.33 2136.65 215.31 177.47 155.74 524.16 300963.94 413.96 199.33 451.49 4318.44 162.86 3416.89 1900.34 40783.7 47566.31 1873.85 981.6 217.09 630.48 205.12 105342.08 1820.13 447.46 286.57 537.34 28890.22 59769.25 587 162.43 211428.52 1237.36 772.2 3768.7 280.6 2035.15 220.17 1596.83 9128.98 640.73 321.75 253.18 292.38 1456.52 469.21 17028.68 4404.26 206.76 1554.84 165.93 308.83 258.16 60823.62 1246.63 444.98 4997.9 150.24 6373.35 787.57 1244.9 4367.3 3590.93 221.18 562.91 1275.96 431 365.1 348.7 187.43 33376.64 205.88 8133.75 6664.66 1177.21 6483.57 167.03 489.38 1904.28 182.8 570.44
52 WH
M Cap
Pr. Holding%
57 345 282.1 122.1 35.85 18.05 43
102.2 947.85 910 275 138.35 34.8 110.5
55.21 54.99 57.38 69.98 76.79 85.77 54.58
227.73 96.5 33.3 47.5 972
445 187.5 53.5 249.7 1498.9
33.54 76.47 50.91 47.81 68.73
36.8 267.7 38 15.4 101 101.05 97.55 25.15 32.15 70.05 52.7 167.35 323.05 202 17.7 60.1 49.25 52.55 110.15 33
64.9 700.3 180.65 26.7 180.8 250.8 220.4 44 58.2 118.35 149.4 318.55 574 412 58.32 94 136.55 111.7 178.5 60
49.75 63.57 45.2 49.69 46.43 75 95.43 59.71 53.37 30.28 74.07 74.63 83.09 56.9 74.4 69.52 38.1 12.5 74.99 32.08
162.7 34.5 82 13.3 108.5
362.95 185 118.7 20.5 475
51.02 54.13 66.12 65.81 75
33.5 16.35 8.7 95.3 5.52 51.6 268.8 204 790.1 310 356 54.67 47 2.36 240 20475 2.15 35.67 336.6 257 148.8 49.45 281.6
90.45 34.8 33.25 187.7 24.8 97.9 574 656.95 1324.8 899.95 798.85 160.7 143.6 6.73 571.8 44694 5.17 64.1 782.8 494.3 232 95.9 496
44.39 46.56 74.66 74 20.59 46.66 44.63 99.59 64.92 54.97 99.12 74.54 60.64 28.85 90 50.01 26.81 52.9 74.36 55.73 52.8 45.23 36.74
176.45 398.2 283.4 103.5 142.35 86.4 116.05 465 142 70.25 79.55 51.6 39 6.97 1051.05 3690 82 415 31.5 26.7 125.05 330.6 98.95 100 196 516 76.3 84.75 728 152.2 327.5 426.1 90 12.32 195.1 108 285 5.7 93.6 22.5 61.55 47.65 53.5 36.85 22.1 122 72.5 88.25 132
346 679.95 446 239.9 218 229 320.65 900 352.8 142.8 210 88 76.5 19.35 1500 6300 135.45 785.95 114.3 49 310 516.85 147.7 227 454 1399 123.95 327.65 1277.8 373.7 740.55 690 454.3 27.8 328.9 650.75 663.8 21.25 171.8 201 119.55 119.95 195 92.4 46.5 441.95 105.45 264 259.9
57.14 62.06 61.65 28.01 69.83 68.85 44.89 34.55 41.84 51.28 31.25 63.73 85.03 46.27 63.09 51.5 50.05 78.56 0.77 74.38 70.51 57.34 36.87 55 65.12 46.83 37.74 65.3 28.51 45 54.15 89.89 49.52 26.73 63.71 63.18 75 62.83 77.49 19.91 50 44.81 54.52 54.84 73.6 43.06 66.19 56.91 59.49
27
Stock Market Moitor
Quarter End
Year End Company
Year End
Equity
Timex Group Titan Inds. Transport Corp. Urja Global Venky's (India) W I Shipyard Websol Energy Moulded Luggage V I P Inds. Oil Drilling / Allied Services Aban Offshore Cairn India Dolphin Offshore Hind.Oil Explor. Jindal Drilling ONGC Oil India Selan Expl. Tech Shiv-Vani OilGas Packaging Bilcare Cosmo Films Essel Propack Ester Inds. Everest Kanto Garware Polyest Jindal Poly Film Max India Oricon Enter. Paper Products Polyplex Corpn Rollatainers Uflex Paints / Varnishes Akzo Nobel Asian Paints Berger Paints Kansai Nerolac Paper AP Paper Ballarpur Inds. Emami Paper JK Paper N R Agarwal Inds Rainbow Papers Seshasayee Paper T N Newsprint Well Pack Paper. West Coast Paper Personal Care - Indian Amar Remedies Dabur India Emami Godrej Consumer Marico Personal Care - Multinational Colgate-Palm. Gillette India Henkel India Hind. Unilever P & G Hygiene Pesticides / Agrochemicals - Indian Dhanuka Agritech Excel Crop Care Insecticid.India Meghmani Organ. Nag. Agrichem P I Inds. Rallis India Sabero Organics United Phosp. Pesticides / Agrochemicals Bayer Crop Sci. Monsanto India Petrochemicals Bhansali Engg. Chemplast Sanmar DCW Finolex Inds. Ineos ABS (India Manali Petrochem Savita Oil Tech Supreme Petroch. Pharmaceuticals - Indian - Bulk Aarti Drugs Anuh Pharma Dishman Pharma. Divi's Lab. Elder Pharma Granules India Hikal Jubilant Organ. Lupin Nectar Lifesci. Orchid Chemicals Parabolic Drugs Piraml.LifeSci. Sequent Scien. Shasun Pharma. Shilpa Medicare SMS Pharma Suven Life Scie. Vinati Organics Pharmaceuticals - Indian - Bulk Alembic Aurobindo Pharma Biocon Cadila Health. Cipla Dr Reddy's Labs FDC Fres.Kabi Onco. Glenmark Pharma. Ind-Swift Labs. Indoco Remedies
201003 201003 201003 201003 201003 201003 200903
10.1 44.39 14.51 41.66 9.39 58.93 7.74 28.26 28.26 4504.6 8.7 1896.97 15.76 130.51 11.47 2138.89 240.45 15.44 46.36 331.33 22.69 19.44 31.31 31.45 20.23 23 23.02 46.47 9.63 12.54 16.57 10.01 64.97 228.88 36.8 95.92 69.21 26.95 366.2 32.75 111.12 12.1 78.15 17.02 17.44 11.25 69.38 4.44 12.55 219.8 26.16 86.76 15.13 30.82 60.93 413.28 13.6 32.59 116.46 218.17 32.46 209.45 9.18 5.5 12.68 25.43 14.9 7.09 12.96 33.8 87.91 48.13 39.5 8.63 474.86 16.59 79.97 39.23 124.01 17.59 86.03 14.6 96.84 439.91 11.71 1.39 16.14 26.43 18.89 21.74 16.44 15.88 88.94 22.43 70.44 37.25 25.45 21.24 9.66 4.4 10.02 11.59 9.87 1337.3 26.7 27.86 100 68.2 160.58 84.4 18.71 15.82 26.98 27.85 12.29
28
201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 200912 200903 200909 201003 201003 201003 201003 201003 201003 200906 201003 201003 201003 201003 201003 201003 200903 201003 201006 201003 201003 201003 201003 201003 201006 200812 201003 201006 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 200912 201003 201003 201006 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003
Net Sales
Growth (%)
EBITDA
135.76 4.83 8.48 4776.4 24.1 406.82 1450.66 11.77 111.3 49.66 10465.96 0.48 705.48 23.93 96.31 64.7 2.68 66.84 139.12 38.25 31.08 633.49 89.77 633.49 23.51 89.77 72065.04 31973.27 1182 17.61 884.26 3.2 -14.21 -7.03 532.48 54.8 87.71 140.06 64.43 73.7 1195.37 53.68 142.07 59963.78 -5.67 26216.09 7905.55 9.17 4119.01 70.8 -29.12 48.59 1071.8 57.53 408.87 7173.34 1535.04 549.65 16.62 165.74 749.16 15.43 108.65 426.77 27.79 164.53 395.05 5.93 61.77 348.85 -1.12 72.9 307.59 -43.78 57.8 1590.99 11.97 410.03 330.32 -6.63 29.72 47.7 204.02 15.17 586.33 -5.32 81.87 229.26 20.03 43.26 48.86 0.91 -1.03 1562.81 2.77 324.63 9922.9 1891.44 1041.7 4.4 222.3 5372.73 19.97 1184.51 1686.52 11.63 200.56 1821.95 23.9 284.07 6184.06 1424.84 649.08 3.37 153.03 1020.05 7.14 263.51 397.89 -5.46 77.49 1253.15 4.39 253.77 376.41 2.36 45.43 271.67 18.32 69.56 509.26 -3.75 121.72 1062.39 -3.55 319.81 20.25 27.76 1.74 623.91 0.67 118.78 7612.02 1564.54 472.4 27.97 68.99 2856.87 19.23 572.22 990.58 37.15 270.69 1267.88 16.53 316.56 2024.29 5.57 336.08 21687.45 4060.94 1962.46 15.79 523.87 852.48 28.79 225.3 466.38 19.09 42.57 17501.68 -13.38 3010.52 904.45 16.82 258.68 7319.13 1239.61 407.53 21.06 58.88 618.91 -9.62 74.5 377.36 43.25 36.54 729.21 -5.1 114.34 644.83 6.52 128.84 593.03 15.09 88.62 873.49 4.75 176.87 430.32 17.36 85.62 2644.45 9.61 475.4 2035.02 305.96 1624.89 16.74 235.72 410.13 5.73 70.24 7327.07 857.78 312.97 39.07 39.42 925.18 36.91 34.12 907.04 20.74 94.55 1454.93 -2.54 282.24 560.32 -7.23 90.71 388.7 10.06 35.54 1167.36 2.59 153.47 1610.57 15.12 127.73 13822.19 3909.75 471.42 25.21 74.04 164.55 36.61 19.56 352.55 -15.2 131.05 929.28 -21.98 442.56 702.79 13.35 132.23 385.85 52.25 62.82 536 12.13 124.29 2446.2 0.64 745.3 3632.19 25.28 818.61 845.8 16.19 213.99 1249.83 4.9 852.38 514.01 30.16 83.21 4.74 122.54 -100.97 246.34 132.26 61.62 530.55 15.85 66.58 234.46 72.46 82.6 214.81 -10.92 24.8 129.07 -7.75 13.94 231.75 21.65 61.14 40093.06 10021.44 1004.52 -7.44 104.55 3200.7 16.16 870.38 1163.08 27.48 357.95 1832.9 7.91 653.4 5359.52 8.04 1518.54 4469.8 7.48 1323.2 649.71 12.7 195.59 411.28 59.98 118.01 1022.1 19.61 241.94 775.23 33.23 142.52 402.15 13.26 58.13
Current Data
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
6.16 8.47 7.67 0.97 13.64 28.55 22.34
4.62 250.32 43.45 0.4 54.32 49.78 10.56 50.05 50.05 19882.75 280.44 -68.95 46.64 41.59 84.14 16767.56 2610.52 28.8 92.01 605.88 75.47 44.6 34.55 27.87 40.49 25.37 208.38 -0.59 9.02 37.38 17.13 -4.19 90.4 1219.44 159.3 774.5 120.14 165.5 543.87 54.19 125.39 6.99 91.03 21.58 23.63 39.93 126.06 0.37 54.7 1114.12 32.25 433.33 165.4 248.12 235.02 2945.87 423.26 137.09 3.72 2202.03 179.77 585.33 36.34 37.44 28.22 61.58 59.76 40.95 101.04 38.71 181.29 181.07 127.25 53.82 245.84 10.53 -128.17 14.25 132.32 48.99 21.06 86.38 60.48 2066.94 26.1 12.55 71.07 344.21 55.39 23.95 60.17 363.1 648.93 91.98 331.34 29.54 -129.79 20.79 22.06 46.12 2.39 7 40.04 5813 20.68 525.76 248.36 503.3 1081.49 846.1 148.82 80.23 128.46 57.96 42.09
0.14 53.9 5.86 0.1 57.19 1.69 13.64
9.89 45.51 15.59 2.05 31.9 3.79 9.17
10.18 39.25 14.99 1.68 29.87 -12.71 11.45
201006 201006 201006 201006 201006 201006 201006
49.51 1252.76 393.44 21.98 213.01 29.37 28.14 235.4 235.4 16285.14 310.81 1.16 80.22 83.43 250.69 13665.6 1523.42 17.22 352.59 2321.37 154.85 227.53 93.22 110.37 76.95 173.81 555.63 88.82 12.64 174.15 162.65 10.67 480.08 2789.78 282.65 1491.14 490.91 525.08 1657.1 175.54 270.26 103 290.52 113.46 97.46 120.08 290.11 8.04 188.63 2014.58 129.56 748.47 231.42 317.4 587.73 5904.97 528.82 251.53 132.88 4793.89 197.85 1834.83 79.99 197.24 103.23 226.2 140.85 129.9 196.04 100.1 661.28 898.24 696.44 201.8 2274.35 105.08 387.54 228.17 476.29 179.39 106.75 324.73 466.4 3608.18 118.18 38.01 71.01 262.54 191.09 90.51 133.18 682.71 997.07 181.25 303.5 127.48 0.4 62.75 131.17 64.61 46.84 35.93 69.95 10345.74 257.92 867.51 322.4 554.23 1427.38 1261.91 173.07 100.95 257 199.4 111.38
45.88 41.91 26.51 214.9 25.59 188.51 -13.97
13.71 9.53 7.4 1.14 20.77 36.3 11.41
10.18 6.49 3.1 1.14 13.21 19.75 -12.83
0.42 18.31 1.68 0.06 29.95 0.2 0
42.5 3394.15 143.5 100.8 940.9 13.1 123.15
429.25 15066.63 1041.09 419.83 883.51 153.4 258.25 1580.72 1580.72 423074.93 3672.92 63403.29 424.89 3171.23 1292.21 311740.31 36740.76 523.42 2105.9 14747.08 1459.65 283.34 729.76 434.01 1312.59 596.68 2307.52 3920.91 348.51 379.96 1258.97 340.09 1375.09 38910.27 3351.31 26627.39 3910.37 5021.2 6875.27 656.64 2271.31 348.48 522.43 192.04 484.83 241.88 968.25 565.36 624.05 46580.62 277.95 18320.87 7202.64 12989.3 7789.86 94652.1 12398.44 5956.96 824.54 68266.69 7205.47 13574.23 400.94 262.74 271.99 532.76 315.28 559.11 2783.32 237.6 8210.49 5807.79 4003.13 1804.66 5263.64 648.67 697.34 342.28 1318.15 598.06 270.73 739.2 649.21 41824.89 162.64 160.66 1531.69 9495.22 775.81 197.49 733.8 5381.52 17948.55 717.76 1501.08 362.06 454.79 276.12 426.32 769.12 190.13 351.25 388.88 186432.52 818.36 6113.1 7126 13195.26 25785.13 25246.33 1898.21 2214.8 8019 429.54 516.86
16.1 1214 70.6 24.44 155 8.3 119.6
47.65 3420 160.75 108.85 994.8 18.22 201.6
74.93 53.33 68.76 37.45 56.12 2.87 33.38
15.36 74.81 -219.69 16.47 52.62 11.89 43.54 52 68.63 38.15 30.15 13.88 36.81 14.65 19.61 17.83 21.36 3.5 23.37 13.07 17.12 -1.96 19.52 12.59 20.51 11.01 14.41 22.86 24.53 19.36 19.56 9.72 24.83 23.01 29.26 8.01 18.26 14.6 19.87 26.88 24.46 16.59 25.87 26.16 8.37 16.54 28.27 13.22 11.45 9.21 14.8 18.25 14.34 18.95 18.57 17.36 13.94 16.75 11.61 3.37 16.64 20.76 14.96 8.46 11.68 7.41 14.9 9.55 36.78 47.33 18.64 13.03 32.97 29.48 22.33 24.16 -12.81 14.88 -2130.17 26.14 12.17 34.43 10.76 10.74 25.64 10.24 26.63 30 35.23 28.06 29.12 29.63 24.39 23.5 18.16 14.45
16.86
31.25
37.01
201006
56.36 0 29.34 3.19 36.47 72.96 102.85 18.41 19.68
16.06 0 30.82 4.96 38.22 25.38 33.65 32.91 13.78
18.26 0 31.08 3.85 27.08 20.2 22.6 23.59 11.02
201006 201006 201006 201006 201006 201006 201006 201006 201006
32.84 22.11 1.71 4.26 3.8 21.56 88.86 0 9.2 5.45 9.19 0 13.08
13.14 14.74 9.78 22.96 7.95 15.81 18.9 -0.01 9.09 17.61 12.53 0 12.26
12.48 16.15 4.62 18.15 9.74 31.21 17.27 -0.68 6.59 14.89 12.98 0 11.81
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
40.63 76.23 3.29 58.92
12.14 80.42 30.24 29.41
9.74 58.42 22.9 23.19
201006 201006 201006 201006
16.38 2.17 1.05 11.31 12.37 13.22 34.5 17.42 0.83 7.35
9.78 8.41 8.03 17.37 20.24 9.87 15.83 11.23 5.7 5.31
11.77 9.58 4.64 20.85 26.92 15.51 19.15 17.16 4.17 9.47
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
12.16 4.65 20.84 7.36 3.75
21.88 62.55 31.41 42.07 38.28
19.52 58.27 36.04 36.37 50.04
201006 201006 201006 201006 201006
27.75 39.57 0.32 9 51.65
176.29 40.08 6.82 111.59 47.94
156.07 25.82 2.43 94.84 36.89
201006 201006 201006 201006 201006
38.42 33 21.92 2.36 39.26 57.39 73.02 11.25 3.79
40.23 21.8 27.68 14.06 34.94 25.51 37.18 45.33 9.17
43.94 24.22 24.86 13.02 33.83 37.18 28.91 41.21 9.48
201006 201006 201006 201006 201006 201006 201006 201006 201006
31.55 59.42
35.85 17.62
25.18 16.14
201006 201006
0.63 0 0.68 10.16 27.25 1.16 56.68 5.95
22.31 0 18.93 19.67 30.3 24.5 38.21 29.74
14.07 0 20.12 31.13 19.48 17.46 29.85 27.94
201006 201006 201006 201006 201006 201006 201006 201006
21.43 43.45 8.61 25.05 28.82 10.82 35.24 22.53 70.7 4.07 44.94 7.93 0 9.45 4.4 20.85 2.22 0.56 7.95
19.6 30.62 11.7 27.07 12.51 11.74 20.12 16.9 25.6 15.72 -10.63 17.03 0 29.7 9.85 42.05 4.75 5.31 40.42
19.98 21.43 12.22 24.55 12.45 7.71 41.33 20.68 33.23 19.91 -67.1 22.84 0 26.29 11 51.24 1.12 6.02 48.81
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
1.46 93.52 12.05 36.05 13.14 48.25 7.66 5.07 4.69 20.64 33.08
8.06 21.25 16.89 26.4 24.18 17.79 38.19 12.79 9.14 13.22 12.95
6.44 32.5 16.9 35.26 21.11 15.14 31.56 14.43 8.55 18.31 14.29
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
Investment Monitor Oct, 2010
17.35
19.63
13.68
11.4
559.35
7.21 364 -50.47 455.46 -25.03 -8.16 -21.14 -5.33 50.8
70.81 -400.86 -11.57 81.63 17.83 62.93 61.17 77.93 34.14
22.86 -3687.07 -15.35 25.07 11.06 26.79 32.89 50.64 7.76
16.33 0 0 1.6 12.09 17.12 20.84 5.64 5.9
844.35 334.15 269.6 242.95 563.3 1457.5 1528 339 454.25
20.5 29.78 19.45 28.07 17.59 21.4 48.17 14.18 3.86 20.17 188.49 5.64 34.08
28.92 10.43 30.1 14.41 -14.65 26.52 24.26 27.69 50.32 9.57 27.18 -4.03 18.47
11.97 4.15 13.13 6.1 -16.32 12.27 15.03 -3.19 20.97 3.85 11.4 -9.93 5.03
8.17 4.86 0.78 1.07 0 9.25 36.26 0 2.75 1.07 11.59 0 3.72
643.3 145.75 46.6 69 122.5 258.75 1002.4 168.75 361.9 60.6 787.35 339.75 211.65
18.49 28.01 32.14 27.17
22.76 21.33 12.37 16.38
15.55 13.48 7.54 9.89
11.93 20.95 1.07 9.63
909.2 2776 113 931.75
26.6 10.22 -1.91 11.46 29.34 93.83 -0.41 62.26 109.38 28.42
24.87 15.76 15.61 23.09 11.71 21.63 23.74 31.11 15.55 21.8
9.21 3.97 3.14 10.02 6.12 9.86 12.18 13.74 2.86 7.95
4.94 0.18 0.53 3.72 4.08 5.51 13 5.76 0.03 2.39
200.5 34.65 57.6 66.85 92.55 55.6 215 139.9 69.2 99.45
21.06 17.1 26.4 -6.6 6.9
14.23 16.13 29.54 59.6 15.11
6.91 11.96 16.08 53.8 11.5
3.42 1.03 4.92 5.54 1.11
106.25 105.25 476.05 401.4 126.85
13 36.67 -12.79 7.11 9.25
31.26 13.22 5.33 15.47 10.49
23.07 7.4 0.65 11.12 5.1
8.97 5.7 0.07 2.44 3.11
911.65 1827.85 70.8 308.55 2219.8
29.79 5.71 -3.36 40.64 2.7 14.12 20.03 -17.45 0.27
17.19 15.49 9.41 12.79 13.33 14.99 12.39 18.34 22.8
10.95 8.92 6.02 6.77 3.51 7.52 7.57 8.38 1.1
9.54 15.99 4.9 0.6 3.31 8.8 7.63 2.48 0.17
87.35 238.85 214.5 20.95 211.6 499.65 1431.75 70.15 186.2
20.57 -17.52
11.67 30.53
7.05 29.07
12.43 67.97
1013.45 2091.15
56.81 165.22 1.06 44.04 27.87 20.87 28.84 24.96
12.07 7.07 14.42 11.8 13.17 7.32 10.86 6.11
7.97 -5.66 4.92 3.34 8.08 4.34 5.55 2.91
0.5 0 0.57 1.28 8.24 0.27 12.33 0
39.1 8.72 17.45 105.85 340 15.74 506.3 66.95
2.85 0.61 -3.31 29.48 17.31 3.59 4.67 12.67 9.46 -5.5 -0.76 2.33 -76.88 21.49 13.07 34.38 -10.83 15.83 37.67
12.9 10.23 31.76 41.04 21.23 10.84 24.95 18.72 20.43 24.78 26.05 20.19 -6642.5 16.94 3.27 34.05 21.52 12.66 18.4
5.06 6.68 13.52 32.87 9.88 2.1 11.06 11.75 15.79 8.65 7.12 8.26 -9212.5 4.19 -4.39 20.49 3.93 9.63 12.17
4.94 9.11 1.19 6.53 10.01 0.95 8.96 5.05 17.69 0.7 3.07 2.77 0 1.24 0 6.01 1.83 0 1.72
134.3 577.9 189.8 716.35 411.35 98.4 446.35 339.1 402.75 32 213.1 58.5 178.7 130 87.9 349.6 189.75 30.15 78.8
12.62 13.7 32.79 19.12 7.71 5.35 4.97 3.04 16.84 17.98 13.26
9.94 19.91 32.28 46.22 25.74 26.67 25.61 32.88 33.64 20.18 17.12
3.17 7.3 22.43 35.84 18.03 19.37 20.42 18.02 23.65 7.45 13.31
0.61 11.28 3.72 9.7 3.21 14.48 1.9 1.15 2.25 5.24 12.06
61.3 1050 356.3 645.75 321.15 1492.1 101.4 140 297 146.5 420.55
116
565.85
43.81
637 248 242 165 445 997.35 1019 284.9 300
1679.5 368 473 371.9 668.25 1466.4 1635 467.9 496
53.06 62.36 57.03 47.18 74.93 74.14 78.43 42.01 53.29
352 97.05 35.05 17.1 106.5 29.1 290.15 149.35 148.15 54 164 185.1 82.5
712.8 164.25 58.5 70.8 216 270 1042.4 245 419.7 75.9 814.15 438 213.95
35.4 44.37 58.92 67.95 56.62 57.51 67.37 36.46 54.95 63.88 46.93 74.95 42.98
523.05 1375 52.45 397.5
970 2920 123 957
56.4 50.62 75.59 69.27
60.67 20.1 40.1 35 22.75 17.98 111.15 71 14.8 50.1
244 39.7 75.3 71.3 96.8 59 242 150.7 131 111.85
52.31 49.4 74.98 39.54 73.22 26.33 42.77 35.32 44.54 51.76
35.35 67.65 205.5 225 86.65
113.2 112.35 508.1 479.7 136.2
42.35 68.87 72.74 71.4 63.47
618.2 1050 31.3 218.1 1358
927.5 2038.2 76 319.65 2372
51 88.73 67.63 52.01 70.64
32.21 111.55 74.1 14 151.5 133.33 550 40 133.15
103.38 280 287.1 21.9 385.9 602 1591 88.95 199.95
89.91 19.24 74.69 49.09 78.29 71.26 50.17 42.24 27.88
370 1452
1173 2265
71.11 72.15
10.13 8 15.3 45.05 150 8.42 245 24.35
41 14.89 24.9 111.8 454 17.15 608 69.3
45.33 75 39.21 52.12 83.33 38.3 71.53 59.77
75.3 304 175.1 518 246.05 78.65 314.9 209.65 225 22.7 128 47 75 59.3 28.9 128.05 132.5 23.45 38.53
153.65 689 275 797.7 440 114.9 487.1 413.2 407.5 43.5 239.4 79 199.4 164.4 100.9 379 224.9 36.4 97.5
51.82 68.38 60.9 52.36 40.52 34.58 68.81 47.33 47.11 43.76 26 38.04 58.79 69.38 46.44 59.95 53.87 62.35 74.88
40.3 732.95 230.1 320 265 891.5 48.6 71.6 210 57.75 212
65.8 1110 359.4 681 363 1558 114.7 193.75 303.8 155.25 523
63.48 56.15 60.92 74.79 36.8 25.73 65.76 90 48.35 42.05 60.45
Stock Market Moitor
Quarter End
Year End Company Ipca Labs. J B Chem & Pharm Jupiter Bio. Kopran Morepen Labs. Natco Pharma Panacea Biotec Phaarmasia Piramal Health Ranbaxy Labs. Strides Arcolab Sun Pharma.Inds. Surya Pharma. Themis Medicare Torrent Pharma. TTK Healthcare Unichem Labs. Wockhardt Pharmaceuticals - Indian Ajanta Pharma Amrutanjan Healt Ankur Drugs Bliss GVS Pharma Ind-Swift Kilitch Drugs Parenteral Drugs Plethico Pharma Sharon Bio-Med. Twilight Litaka Venus Remedies Zenotech Lab. Pharmaceuticals - Multinational Abbott India Astrazeneca Phar Aventis Pharma Fulford (India) Glaxosmit Pharma Merck Novartis India Pfizer Solvay Pharma. Wyeth Photographic And Allied Products Jindal Photo Scanpoint Geoma Plastics Products Astral Poly Jain Irrigation Kalpena Inds. Kemrock Inds. Mah. Polybutenes Nilkamal Ltd Responsive Ind Supreme Inds. Time Technoplast Tulsi Extrusions Power Generation And Supply BF Utilities CESC Energy Devl.Co. Guj Inds. Power GVK Power Infra. Indowind Energy JP Power Ven. JSW Energy KSK Energy Ven. Neyveli Lignite NHPC Ltd NTPC Power Grid Corpn Reliance Infra. Tata Power Co. Torrent Power Printing & Stationery DIC India Karma Ispat Navneet Publicat Sandesh Sundaram Multi. Pumps Kirl. Brothers KSB Pumps WPIL Refineries BPCL CPCL Essar Oil HPCL IOCL MRPL Reliance Inds. Refractories / Intermediates IFGL Refractor Vesuvius India Shipping Essar Shipping Garware Offshore GE Shipping Co Great Offshore Mercator Lines SCI SEAMEC Ltd Varun Ship. Co. Solvent Extraction Agro Tech Foods Anik Industries Gokul Refoils Guj. Ambuja Exp K S Oils Murli Industries Rasoya Proteins Ruchi Infrastr. Ruchi Soya Inds. Sanwaria Agro Steel - Large
Current Data
Year End
Equity
Net Sales
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
201003 201003 201003 201003 201003 201003 201003 201003 201003 200912 200912 201003 200903 201003 201003 201003 201003 201003
25.04 16.87 16.13 37.1 89.96 28.15 6.68 6.83 41.8 210.21 40.22 103.56 14.47 8.05 42.31 7.77 18.03 54.72 182.69 11.8 3.03 19.34 10.31 7.44 13.2 19.4 34.07 10.56 10.64 8.47 34.43 220.5 13.68 5 23.03 3.9 84.7 16.6 15.98 29.84 5.05 22.72 22.16 10.26 11.9 221.83 11.24 76.03 11.55 11.01 15.59 12.78 24.79 25.41 20.93 12.5 32006 18.83 125.6 27.5 151.25 157.92 47.74 2095.68 1640.05 372.63 1677.71 12300.7 8245.5 4208.84 226.07 237.33 472.45 105.54 9.18 33 47.64 8.53 7.19 41.24 15.87 17.4 7.97 9518.7 361.54 149 1218.13 339.01 2427.95 1752.66 3270.37 54.91 34.61 20.3 1460.1 615.81 23.82 152.29 37.23 23.6 423.45 33.9 150.01 262.66 24.37 27.75 26.38 27.67 35.63 10.24 20.27 20.37 52.58 17.4 7621.1
1578.3 668.1 183.94 164.28 192.11 307.44 884.37 9.7 2650.94 4726.92 768.35 2522.75 722.93 212.31 1421.11 252.2 687.22 1849.1 4474.35 381.65 89.77 1067.41 168.88 587.06 142.65 336.02 471.47 419.79 491.96 311.51 6.18 6665.01 794.12 396.51 974.83 194.55 1872.65 472.34 623.92 808.9 242.17 285.02 380.43 379.36 1.07 8588.29 290.18 2958.71 718.8 363.37 43.91 1028.06 546.77 2005.74 523.73 109.02 92548.88 17.59 3354.89 117.24 939.12 45.37 60.94 700.54 2372.87 163.77 4130.66 4331.98 46377.7 7127.45 9836.45 7148.96 5823.35 1709.29 459.25 276.7 522.21 300.44 150.69 2793.01 2017.84 562.88 212.29 784859.2 120434.39 25025.79 37318.48 108737.18 269366.34 31885.17 192091.88 537.3 175.23 362.07 9261.83 1028.21 181.48 1914.27 1007.4 576.29 3463.12 424.84 666.22 25915.95 649.57 1010.44 2816.28 1408.56 3146.67 520.22 370.05 1463.9 13418.84 1111.42 141080.7
22.04 -7.36 28.69 38.24 19.21 16.16 14.35 -12.61 14.45 7.63 29.54 -34.75 48.6 6.21 21.75 14.85 5.22 29.31
350.39 153.36 95.64 28.02 47.9 89.43 209.28 0.74 725.84 1249.59 201.19 1019.07 121.31 32.42 397.02 19.06 187.29 -490.32 854.82 72.5 20.43 227.38 53.19 86.77 23.93 56.52 145.66 40.73 69.76 74.61 -16.66 1951.83 126.54 94.59 258.88 23.17 790 103.99 182.37 218.3 65.23 88.76 24.07 24.8 -0.73 1511.26 47.17 656.04 59.86 101.33 4.9 128.02 81.59 307.39 108.48 16.48 36647.27 10.66 963.31 26.91 233.65 31.81 19.81 634.92 1355.97 249.53 1962.76 3901.1 15344.5 6149.25 1768.66 2158.68 1835.75 249.38 44.01 2.5 117.58 65.22 20.07 395.74 246.08 122.94 26.72 65980.7 4617.82 1088.77 1937.82 4193.18 18905.58 2196.35 33041.18 99.22 29.75 69.47 3833.77 427.24 109.17 924.33 432.62 307.54 908.8 240.5 483.57 1518.19 36.5 44.22 127.41 119.98 373.28 101.86 16.4 71.6 553.58 73.36 36162.57
22 22.69 52 12.57 7.31 28.7 23.64 6.22 26.8 26.35 16.75 39.67 16.14 14.83 27.86 7.55 27.14 23.75
209.19 101 33.14 9.97 -1.74 47.66 80.02 0.11 443.22 571.98 105.51 898.65 56.13 18.67 207.37 9.13 133.95 -794.21 421.39 28.54 11.81 86.18 41.72 37.74 10.46 27.29 107.04 18.6 32.63 41.05 -21.67 1235.67 77.51 57.62 157.41 13.46 512.29 65.48 115.99 136.88 40.03 59 13.53 14.51 -0.98 658.66 28.03 271.24 29.91 31.82 2.91 47.24 38.14 144.83 58.25 6.29 18836.87 0.3 433.3 16.78 106.78 21.69 11.46 251.55 846.67 127.05 1247.46 2090.5 8728.2 2040.94 1138.88 938.76 836.55 135.8 22.3 0.75 67.98 37.03 7.74 197.07 117.52 66.18 13.37 31040.27 1537.62 603.22 29.46 1301.37 10220.55 1112.38 16235.67 52.12 14.74 37.38 1301.13 90 40.99 395.75 174.62 6.4 376.91 203.91 12.55 606.96 25.14 10.79 42.95 60.02 169.36 45.94 7.69 34.55 172.47 38.05 16487.38
16.24 11.64 20.2 2.69 0 16.59 11.94 0.16 20.31 13.6 23.41 41.1 38.62 22.68 23.51 11.16 35.47 0
25.15 18.2 9.07 4.15 0 18.78 11.81 1.32 29.28 14.54 5.85 17.39 17.17 16.75 26.17 23.5 28.13 0
27.64 17.64 9.53 2.61 0 17.04 12.2 0.89 32.96 14.11 5.74 16.54 27.47 26.13 25.7 15.57 23.69 0
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
15.86 17.52 53.47 26.15 13.75 23.34 43.28 275.91 0.11 6.27 -38.64 22.91 71.97 22.02 15.54 17.78 11.24 9.01
17.32 20.14 51.19 9.93 5.64 24.48 24.15 3.11 16.59 15.8 8.46 68.93 15.76 12.01 29.65 8.4 26.92 -24.59
9.37 13.02 16.31 0.6 -20.95 12.4 12.82 0.78 11.73 -0.01 -11.46 64.67 6.53 6.14 20.5 4.7 17.89 -40.81
3.1 2.45 5.19 0.05 0 3.71 4.87 0.06 3.2 0 0 15.6 16.14 5.04 9.82 4.75 9.25 0
310.9 106.4 98.45 40.15 6.61 287.15 196.95 228.4 508.4 566.9 426.95 1947.7 276.2 269.05 555.65 395.6 496.05 276.5
325.4 118.65 149 46.2 10.74 309 248 343.95 599.9 579.9 467.4 1984.7 314.85 301.4 604.25 465 507.3 295.8
46.22 55.54 17.88 32.54 34.54 62.59 68.73 73.45 52.1 63.88 30.03 63.72 39.92 69.64 71.51 65.43 48.43 73.64
13.67 17.88 17.45 39.7 13.49 16.52 10.43 9.75 10.89 25.66 20.95 0
17.4 11.28 27.41 36.17 17.98 15.08 9.4 14.05 19.14 39.7 25.41 0
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
16.28 -42.29 1.22 41.02 12.24 38.35 31.23 2.97 10.59 46.22 5.89 38.32
18.37 -27.61 20.12 34.11 14.58 22.02 19.08 14.11 10.94 14.22 23.1 -136.49
7.1 -36.27 6.11 26.08 6.18 11.97 8.66 6.02 4.08 8.25 13.3 -217.57
5.96 0 8.84 1.02 2.86 2.92 4.41 2 5.02 5.89 12.87 0
244.95 779.9 139.1 41.25 45.65 126.65 223.55 396.35 148 174.2 305.2 74.45
87.35 400 111.2 24.9 25.1 61 83.66 251.05 66 44 191.1 74
273.65 1345 251 50.8 49.75 157.1 259.95 450 179.5 199.6 340.8 138.95
66.82 47.65 32.52 64.21 41.76 64.62 69.29 87.01 60.74 63.46 25.68 25.4
53.77 21.35 64.95 33.74 55.74 36.05 34.63 43.75 73.74 33.86
47.62 54.78 27.88 16.48 46.73 21 32.49 22.18 50.69 44.39
31.46 44.21 18.17 10.03 31.05 14.26 20.93 14.45 33.45 32.23
201005 201006 201006 201006 201006 201006 201006 201005 201006 201005
15.96 10.54 8.64 2.98 8.86 -10.76 9.86 14.25 18.21 6.44
10.42 12.14 25.34 18.25 36.28 24.44 28.54 26.59 32.41 33
6.31 6.9 15.62 11.55 25.91 15.28 18.74 16.34 20.94 21.84
10.29 2.93 18.43 16.36 15.2 11.12 9.87 11.63 30.53 11.73
1111.2 1113.55 1846 950.8 2144.25 703.95 610.95 1079.65 2715 777.95
608 802 1474 602.05 1425 406 457 844 805 654
1264 1448.5 2059 1273.3 2271 830.15 699.4 1310 3599.6 900
68.94 90 60.4 53.93 50.67 51.8 76.42 70.75 88.85 51.12
13.98 0
8.53 0
5.87 0
201006 201006
3.82 386.36
5.2 18.69
3.13 12.15
2.91 0.02
246.1 57.3
114.2 22.1
306.45 79.2
73.19 71.73
24.6 34.7 25.53 28.63 1.8 36.12 15.22 53.99 2.72 4.94
26.79 21.5 24.09 12.35 10.79 18.68 20.66 44.65 15.12 12.17
26.89 23.66 31.37 13.66 11.16 20.43 21.55 43.75 14.43 8.14
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
37.22 27.12 2.86 54.7 3.58 24.05 11.72 18.77 19.15 49.74
14.96 20.23 6.19 24.91 4.48 11.22 15.58 14.96 20.74 18.69
7.56 7.26 3.39 8.74 1.17 4.63 8.57 7.77 9.8 8.86
4.78 6.87 5.1 0 0.15 10.32 5.4 0 0.77 2.69
163 1231.85 125.8 611.7 154.85 408.9 956.5 663.05 53.9 69.25
63.05 706 110 328.25 100.3 128 658 295.1 33.9 22.5
177.4 1322.9 159.75 777 311 441.65 964 704.8 58.05 75.8
63.81 30.76 74.31 26.04 66.45 71.25 62.92 49.63 62.09 55.1
0.08 33.84 5.93 6.64 0.14 2.4 1.2 5.04 3.41 7.1 1.61 9.95 4.6 49.27 37.95 17.21
1.4 10.71 19.04 6.76 1.48 5.69 10.22 20.93 7.93 11.8 8.51 13.21 8.88 8.79 11.06 20.82
-0.06 12.01 16.26 8.79 1.03 8.92 11.3 23.1 4.82 12.6 10.13 14.57 13.17 10.19 9.72 23.26
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
-5.26 33.75 -20.4 -0.46 50.47 9.63 142.4 198.19 29.74 29.53 -3.82 7.85 16.62 -11.29 -8.76 46.32
47.02 25.05 3.36 25.91 106.38 79.96 88.76 56.35 118.78 51.49 101.41 27.59 91.68 20.32 32.09 34.31
12.9 10.17 -52.94 16.82 75.72 32.44 20.21 37.21 58.87 29.87 52.7 14.23 35.17 11.53 14.92 17.03
0.17 8.81 0 2.77 0.06 0.63 0.18 2 0.77 2.04 0.44 2.23 1.67 10.06 11.07 6.44
1064.2 394.4 69.3 118.1 47.4 41.9 64.55 123.7 175.65 163.25 32.15 214.5 105.8 1081.2 1341.75 327.15
670 345 39.1 96.5 39.6 34.1 54.1 99.9 153.3 122.1 27.6 190.4 95 951.35 1193.1 270.1
1479 452 81 133 53.75 68.9 84.9 136.3 224.6 177.7 36.45 241.7 121.25 1404.5 1518.6 374
66.08 52.49 56.36 58.21 54.25 49.43 87.7 76.72 52.74 93.56 86.36 84.5 86.36 42.73 31.81 52.78
23.61 0.23 2.68 42.91 1.04
15.19 4.27 30.9 21.34 11.01
11.78 1.09 24.21 13.78 8.09
201006 201006 201006 201006 201006
18.79 -6.33 6.87 25.79 0.37
26.45 1.1 30.46 35 17.57
22.08 0.53 19.41 20.17 7.33
33.02 0 2.28 11.43 0.47
318.55 45.9 62 245.85 44.35
165.25 21.7 36 171.1 17.1
343 64.4 69.85 283.3 54.25
71.75 14.66 61.81 66.49 59.85
14.01 35.91 16.44
18.77 30.99 40.74
14.37 21.24 46.39
201006 201006 201006
-3.33 8.86 25.9
5.4 18.08 13.46
1.15 10.53 7.09
0.56 9.12 3.94
252.2 549.2 236.5
200 351.1 80.7
370 610 262
62.22 66.8 72.68
40.52 38.49 0.24 36.4 40 6.15 48.59
9.84 13.52 8.29 9.13 17.04 25.8 11.89
12.2 18.48 0.67 11.68 21.62 21.58 13.37
201006 201006 201006 201006 201006 201006 201006
34.2 11.79 58.47 20.76 22.87 27.31 86.71
-3.17 0.41 3.79 -4.69 -2.49 1.74 17.28
-5.02 -0.87 -0.65 -6.45 -4.73 0.36 8.33
0 0 0 0 0 0.16 14.8
787.85 249.25 133.7 541.15 448.15 79 1009.55
488.2 195.25 115.05 293.25 272.25 64.25 840.55
814.9 299.3 174.9 555.45 458.9 93.95 1184.7
54.93 67.29 15.97 51.11 78.92 88.58 44.76
4.09 17.78
19.36 28.53
16.1 18.78
201006 201006
30.19 15.77
6.56 19.26
1.34 10.92
0.17 5.89
54.8 281
26.6 147.55
73.4 328.3
71.3 55.57
1.46 16.82 24.74 46.9 0.24 8.07 47.71 0.7
3.13 9.09 4.4 10.05 2.03 4.59 39.89 0.46
1.27 16.58 4.09 20.28 -10 4.47 39.05 -21.72
201006 201006 201006 201006 201006 201006 201006 201006
35.85 -19.02 -17.58 -4.51 -19.72 2.69 -75.17 -24.74
63.04 57.09 67.25 46.34 37.09 35.75 -60.55 98.64
23.36 23.58 27.45 11.33 2.77 21.12 -91.05 17.81
1.08 4.1 6.96 7.18 0.17 4.52 0 1.57
113.4 122.35 311.5 380.3 55.4 163.05 147.8 42.25
54.45 112.3 227 365 42 123.15 140 39.8
136.25 230.4 345.25 584 72.15 181.9 254.7 63.2
83.71 30.62 30.01 49.73 37.96 80.12 75 42.23
10.06 3.79 3.21 4.27 4.72 43.53 3.79 1.49 6.44 2.14
23.86 11.49 16.35 17.78 24.59 6.9 8.77 7.04 12.64 25.53
17.93 5.61 11.88 14.23 21.15 18.94 12.18 15.09 11.28 41.35
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
9.99 -6.54 70.95 -1.31 13.17 71.4 -9.37 29.85 11.49 111.75
4.73 5.57 4.04 10.08 11.44 30.63 5.47 4.61 3.16 7.64
2.6 1.91 1.15 5.19 4.93 8.07 2.36 1.97 1.52 5.83
1.68 1.65 0.76 1.06 1.24 2.9 1.04 0.33 1.89 1.01
280.35 59.1 97.8 32.25 50.65 101.35 108.35 33.7 134.15 62.2
3892.47 898.02 270.05 156.79 297.35 808.33 1315.63 156 10625.56 23851.75 2003.25 40340.76 399.66 216.59 4701.91 320.04 1789.75 3026.02 4538.14 290.51 236.31 269.02 425.29 178.72 167.18 578.32 1350.36 156.29 370.7 259.11 256.33 36587.67 1520.12 2783.88 4251.34 370.81 18161.8 1186.86 1952.6 3221.68 1371.08 1767.5 406.64 252.5 154.14 17222.19 366.42 9390.39 232.6 1024.6 241.41 610.08 2371.16 1684.81 1127.59 173.13 421069.12 4007.78 4927.63 190.58 1786.26 7485.41 208.41 13527.61 20287.42 6545.25 27388.62 39546.88 176865.13 44529.53 26475.34 31841.07 15456.2 2452.28 292.43 151.47 1476.84 212.66 318.88 3144.05 1999.95 955.61 188.49 522566.12 28483.93 3712.33 19086.88 18324.96 108808.58 13847.91 330301.53 760.09 189.66 570.43 22779.21 6981.81 291.44 4743.52 1415.86 1307.44 6904.35 501.04 633.75 11091.71 683.21 164 1289.98 446.18 2071.59 544.25 219.63 691.52 3899.07 1082.28 205287.77
152 45.5 68.3 14.9 6.14 99.5 128.25 228.4 331 362.05 147 1298.95 100.1 122 285 190.1 238.25 115
23.61 36.44 44.16 3.96 10.08 7.76 13.74 31 17.41 15.08 47.96 0
414.5 158.87 51.32 44.81 48.4 84.19 253.9 5.15 570.36 1069.58 118.62 498.88 357.76 66.11 405.43 78.49 186.45 399.77 1213.44 98.29 6.81 279.82 40.46 178.4 32.25 98.75 113.19 129.97 151.85 82.17 1.48 1850.72 223 105.96 271.5 55.23 497.93 120.81 168.28 212.33 73.63 122.05 96.71 95.64 1.07 2453.62 71.04 720.6 173.93 154.82 20.55 284.81 156.18 669.66 164.1 37.93 25313.22 5.04 1082 2.38 248.87 12.85 9.68 190.26 879.26 48.68 1145.43 1019.71 12944.49 1999.12 2135.38 1802.45 1787.62 573.86 137.3 62.59 279.64 48.34 45.99 582.86 388.04 150.53 44.29 218255.6 34211.89 6327.65 10727 29219.87 71672.66 7868.52 58228 154.33 44.94 109.39 2159.76 284.78 41.44 385.87 235.9 148.12 906.52 24.92 132.21 6967.16 157.99 239.66 874.17 283.5 1025.33 192.76 96.13 337.76 3457.04 302.82 34540.23
202 40.85 50.05 16.2 47.95 39.6 27.15 31.3 77 28.55
328.25 88.45 111.6 35.85 77 117.5 119.8 74.95 143.15 75.7
61.98 49.45 69.76 63.89 36.32 54.59 46.12 52.29 46.88 70.04
201003 201003 201003 201003 200903 201003 201003 200912 200906 201003 201003 200903 200911 200912 200912 200912 200912 200912 201003 200911 200912 200911 201003 200903 201003 201003 201003 200903 200903 201003 201003 201006 200903 201003 200909 201003 200903 201003 201003 200906 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 200912 200903 201003 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 200912 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 200903 200903 201003 201003 201003 200903
19.52 -0.98 10.58 27.03 14.42 10.57 48.64 -0.14 25.45 32.8 17.95 -24.26 14.16 12.13 -2.06 4.97 12.45 21.91 3.9 14.4 20.1 -25.44 2.25 16.3 50.15 23.87 19.21 65.21 7.02 15.63 28.03 21.42 11.15 38.88 -9.56 8.63 78.34 -18.69 73.63 138.14 132.11 49.14 53.8 22.94 59.22 10.49 25.26 59.89 -1.82 34.65 -2.69 132.31 3.43 -15.41 16.88 10.21 -5.56 33.14 -10.17 -22.19 -1.93 -13.35 -12.26 -16.63 35.32 5.07 2.69 0.49 11.86 -32.51 12.54 -49.35 -16.88 58.17 -27.16 -16.03 38.61 3.1 -12.05 53.95 -19.87 28.34 24.77 12.57 18.29
18.84 19.74 21.24 31.41 14.73 16.78 16.76 27.21 9.7 14.14 23.92 -182.75 15.81 23.37 26 11.87 41.3 21.39 29.17 25.73 26.29 30.15 5.49 -68.22 15.49 21.69 7.82 26.73 9.61 11.02 14.19 15.33 18.38 14.99 56.45 28.71 22.95 24.88 68.16 32.51 90.63 57.14 138.94 47.52 90.05 32.91 86.28 17.98 30.19 31.52 8.87 0.67 22.52 19.79 13.27 10.87 20.8 12.33 3.51 3.72 4.57 3.62 6.49 6.09 16.49 16.16 18.1 41.55 60.16 37.65 42.94 32.7 22.7 56.61 38 5.62 4.38 4.52 7.55 11.86 19.58 4.43 4.18 4.12 6.6
Investment Monitor Oct, 2010
29
Stock Market Moitor
Quarter End
Year End Company Bhushan Steel ISMT Ispat Inds. Jindal Saw JSL Stain. JSW Steel Lloyd Steel Inds MUSCO Mah. Seamless Man Inds. Mukand PSL Ramsarup Inds. SAIL Sunflag Iron Surya Roshni Tata Steel Usha Martin Uttam Galva Welspun Corp Steel - Medium / Small Adhunik Metal APL Apollo Bellary Steels Bilpower Gallantt Metal Gandhi Spl. Tube Godawari Power Jai Corp Kalyani Steels OCL Iron & Steel Odyssey Corpn. Oil Country Panchmahal Steel Panyam Cement Pennar Inds. Ratnamani Metals Remi Metals Guj. Sarda Energy Sujana Metal Prd Surana Inds. Technocraf.Inds. Varun Inds. Visa Steel Zenith Birla Steel - Pig Iron Kirl. Ferrous Lanco Inds. Sathavaha. Ispat Tata Metaliks Steel - Sponge Iron Jai Balaji Inds. Jindal Steel Lloyds Metals Monnet Ispat MSP Steel & Pow. Nova Iron &Steel Orissa Sponge Tata Sponge Iron Sugar Bajaj Hind Sugar Bajaj Hindusthan Balrampur Chini Bannari Amm.Sug. Dhampur Sugar Dwarikesh Sugar EID Parry Empee Sugars GMR Inds. KCP Sugar &Inds. Rajshree Sugars Rana Sugars Sakthi Sugars Sh.Renuka Sugar Thiru Aroor. Su. Triven.Engg.Ind. Ugar Sugar Works Tea Assam Company Bombay Burmah CCL Products Dhunseri Petro. Goodricke Group Harr. Malayalam Jay Shree Tea Mcleod Russel Rossell Tea Tata Coffee Tata Global Warren Tea Telecommunications - Equipment AGC Networks Astra Microwave Gemini Comm. GTL GTL Infra. HFCL ITI NELCO Nu Tek India Spice Mobility Telecommunications - Service Bharti Airtel HFCL Infotel Idea Cellular MTNL OnMobile Global Rel. Comm. Tata Comm Tata Tele. Mah. Tulip Telecom Textile Machinery Chandni Text Lak. Mach. Works Textiles - Composite
30
Year End
Equity
201003 43.29 200903 73.25 200903 1221.65 201003 54.72 201003 37.12 201003 248.08 201003 224.16 201003 32.48 201003 35.27 201003 26.77 201003 73.12 201003 53.33 201003 35.08 201003 4130.4 201003 162.2 201003 27.83 201003 887.41 201003 30.54 201003 122.26 201003 102.16 929.08 201003 123.5 201003 20.3 200903 73.14 200903 10.5 201003 81.32 201003 7.35 201003 28.07 201003 17.85 201003 21.86 200903 13.41 200903 5 201003 44.29 201003 18 201003 16.02 201003 61.01 201003 9.19 201003 65.06 201003 34.05 200909 34.63 201003 27.15 201003 31.53 201003 22.11 201003 110 201003 53.74 167.1 201003 68.65 201003 39.76 201003 33.4 201003 25.29 422.37 201003 63.77 201003 93.12 201003 22.43 200903 47.96 201003 58.1 200903 94.59 200903 27 201003 15.4 511.25 200909 11.8 200909 17.69 200909 25.68 201003 11.44 200909 52.78 200909 16.31 201003 17.27 201003 41.97 201003 19.96 201003 11.34 201003 22.69 201003 147.44 200912 34.83 200909 31.69 200912 11.32 200909 25.79 201003 11.25 274.48 200912 30.98 201003 13.96 200903 13.3 201003 11.72 200912 21.6 201003 18.45 201003 11.17 201003 54.73 201003 7.34 201003 18.68 201003 61.84 201003 10.71 1882.4 200909 14.23 201003 10.83 201003 10.01 201003 96.72 201003 957.35 200903 442.79 200903 288 200909 22.82 201003 17.26 201003 22.39 9742.6 201003 1898.77 201003 612.26 201003 3299.84 200903 630 201003 58.52 201003 1032.01 201003 285 201003 1897.2 201003 29 28.51 201003 16.14 201003 12.37 37.4
Current Data
Net Sales
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
5611.27 1301.58 8263.99 6777.46 5721.23 18202.48 2898.72 1086.77 1593.17 1494.76 1962.95 2593.16 2056.95 40520.24 1348.06 1777.9 24940.85 1850.39 4495.66 6583.06 14789.78 1246.55 378 35.13 457.57 433.11 75.47 776.19 409.62 1021.41 210.3 3.21 332.12 290.08 144.01 797.96 851.95 371.44 522.81 1939.12 945.02 379.37 1543.05 1156.95 469.34 2921.15 806.99 690.58 384.78 1038.8 12707.49 1912.19 7359.63 567.89 1549.8 386.76 222.38 188.83 520.01 15355.12 362.61 1596.42 1719.94 877.04 935.54 468.81 1147.32 46.47 203.76 247.43 522.01 673.11 1372.82 2234.22 595.21 1907.78 444.63 6403.29 226.17 293.29 263.85 1140.11 371.18 325.4 405.62 1076.82 76.46 327.24 1697.92 199.23 6223.31 510.77 105.92 213.37 1551.33 347.95 139.09 1700.8 340.45 185.96 1127.67 72018.76 35609.54 196.21 11850.24 4456 363.91 12290.61 3218.04 2069.1 1965.11 1178.48 41.58 1136.9 892.99
13.51 9.12 -0.71 35.46 18.51 30.01 11.25 1.14 -21.86 -19.59 2.3 -17.98 5.55 -6.18 22.55 20.54 2.43 -13.01 2.84 14.54
1570.52 192.57 850.09 1325.84 1343.85 4842.82 97.04 80.33 452.84 174.35 346.98 335.45 208.74 11871.28 196.02 129.56 10145.67 372.95 456.57 1169.1 2150.74 275.55 40.3 -9.53 35.2 64.73 41.52 125.63 97.98 107.61 23.3 -4.31 107.95 38.62 36.16 113.9 177.76 -5.53 135.42 154 119.98 71.94 135.09 223.25 44.22 412.11 103.02 131.18 70.45 107.46 3697.64 261.23 2751.25 43.95 406.63 71.19 16.26 1.29 145.84 3773.76 141.29 703.18 465.51 244.2 206.67 125.97 355.36 9.41 9.14 48.12 135.77 160.93 202.47 368.49 133.17 434.5 29.58 1602.15 64.54 40.12 53.59 169.28 64.53 29.44 88.4 382.86 29 72.31 563.94 44.14 491.36 32.58 25.87 60.36 392.78 348.26 -199.56 -349.08 42.51 28.29 109.35 25036.8 14872.67 64.99 3283.64 1213.28 116.51 3243.84 1130.14 540.56 571.17 249.52 2.27 247.25 474.18
26.29 13.55 16.53 19.01 18.14 24.89 3.79 6.84 26.78 11.42 16.34 12.15 10.15 27.04 13.49 6.89 34.58 19.03 9.77 17.04
845.8 56.23 -688.11 723.17 378.48 2022.74 -78.08 4.67 284.59 67.09 61.99 88.3 44.38 6754.37 94.91 45.17 5046.8 92.21 102.47 540.2 561.15 53.91 17.24 -143.61 16.11 23.55 25.33 51.4 61.07 43.27 3.93 -4.01 55.83 14.57 14.54 50.07 81.43 -39.35 63.2 25.17 34.71 29.78 23.82 47.42 11.77 178.01 49.07 57.94 25.45 45.55 1848.49 31.81 1479.68 17.87 216 32.05 13.76 -27.2 84.52 1276.69 -8.93 156.24 226.51 143.63 56.19 25.08 205.28 0.93 -58.43 23.74 43.17 24.99 103.49 143.51 41.55 169.78 -20.04 960.81 20.17 13.66 19 89.05 41.94 9.91 61.7 240.33 19.31 31.99 391.47 22.28 -707.54 15.37 8.16 8.35 158.36 -2.58 -316.68 -668.18 3.28 15.87 70.51 11662.22 9426.15 -20.64 1053.66 211.72 52.89 478.93 483.18 -298.01 274.34 105.8 1.12 104.68 376.36
194.91 3.67 0 20.92 20.39 78.99 0 1.27 39.35 12.23 8.31 15.89 12.65 15.8 5.77 15.9 54.97 2.86 8.38 26.11
10.68 8.94 0 22.88 9.35 18.36 0 9.75 28.8 17.86 14.06 13.3 7.73 24.63 22.87 13.14 13.7 11.02 13.27 24.11
28.23 10.48 0 20.01 14.83 23.32 0 2.76 19.93 15.37 12.92 12.04 9.9 21.98 25.59 19.81 14.19 7.33 11.9 25.02
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
5.21 33.82 81.29 -24.35 20.7 19.34 -0.39 34.86 -5.8 3.34 24.98 -19.67 -9.42 0.83 39.97 24.66 16.52 35.81 -0.87 8.58
30.13 16.14 14.55 23.05 19.5 22.33 -7.31 7.56 32.53 15.45 13.8 14.39 14.77 24.69 13.53 6.35 45.82 21.96 10.72 16.69
14.99 5.38 -2.95 13.31 6.03 7.54 -13.37 0.94 25.24 6.69 2.58 2.71 1.71 13.03 6.49 1.65 24.41 5.53 2.77 9.29
48.19 1.26 0 5.4 5.28 18.29 0 0.87 14.24 4.06 1.93 2.53 1.57 2.85 1.6 3 17.8 1 2.41 9.27
432.05 51.4 22.6 210.35 131.35 1322.5 12.29 71.75 385.2 102.6 75.15 115.75 58.15 206.9 31.95 103.6 645.65 87.35 150.15 265.85
439.7 64.9 25.1 227.1 135.3 1350.1 20.2 78 424 109.9 86.85 188.4 119.95 258.55 36.1 109 737 106.95 172.4 296.35
69.15 51.31 41.13 45.99 40.13 44.99 17.61 55.47 53.91 53.36 55.03 39.25 75.9 85.82 50.52 29.11 31.33 38.07 70.81 40.54
12.52 12.13 0 14.88 16.28 39.06 11.47 2.66 10.08 11.36 -29.92 62.36 13.01 23.01 32.99 24.36 0 9.33 11.4 3.82 10.44 12.56 13.45 12.12
11.56 9.08 0 13.49 15.54 27.19 11.22 2.01 8.09 7.07 -39.12 36.2 16.67 29.59 31 25.21 0 11.73 6.66 -3.59 8.07 13.39 15.94 5.74
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
21.82 43.32 -98.51 -7.28 21.62 12.53 -7.11 4.42 69.06 62.78 540 -17.33 62.3 -17 43.06 14.45 86.68 132.83 53.41 42.12 34.22 4.24 -13.21 -7.43
23.69 8.02 -2875 8.33 10.01 49.58 20 33.01 11.06 10.84 71.88 28.31 9.4 4.05 12.4 18.5 1.66 23.35 8.31 11.87 18.26 9.6 18.39 7.63
5.6 4.75 -57687.5 3.95 3.66 30.31 7.41 24.32 5.98 3.81 68.75 13.99 2.03 -6.68 6.35 9.01 -7.81 6.35 2.11 3.03 6.8 2.87 3.46 2.83
1.48 2.5 0 3.65 0.58 4.46 4.71 1.5 4.61 0.15 0.13 1.89 1.03 0 1.35 4.27 0 4.04 0.71 3.07 2.28 5.25 0.69 0.34
113.6 160.75 2.79 201.9 34.25 129.7 210.35 258.45 130.6 70.05 154.45 111.35 136.3 103.45 50.7 135 16.85 271.75 21 300 88.75 196.8 39.35 15.75
86.45 52.2 2.46 145 13.7 63.55 126 150.2 63.8 17.6 18.5 74.65 62.1 92.35 22.5 85 12.9 154 16.8 144.1 41 112.5 31.5 13.05
136.7 170.25 4.99 259.25 45.4 137.95 319.8 329.9 286.7 84 185.9 144.6 180 140 57 148.55 41.8 340.8 39.8 324.9 98.25 198.1 50.2 27.75
55.52 40.65 60.95 40.06 52.8 73.3 58.97 72.99 59.85 76.21 29.79 38.22 65.47 50.57 38.57 57.19 91.96 70.05 48.58 73.92 74.97 65.35 73 25.08
3.32 14.32 7.37 18.01
23.74 22.44 15.16 24.39
15.73 38.35 14.5 62.78
201006 201006 201006 201006
35.4 -35.56 -16.38 48.12
11.5 18.71 21.44 8.89
5.62 6.47 10.98 3.77
0.92 1.78 3.48 4.07
35.9 59.1 50.05 144.05
23.8 38.05 28 88.2
42.9 79.75 55 167
59.09 50.57 36.2 50.04
4.93 15.84 1.59 44.19 5.52 1.45 0 53.56
8.16 17.56 18.13 14.48 10.41 8.8 0 32.85
4.82 24.34 17.82 18.19 16.32 9.36 0 21.96
201006 201006 201006 201006 201006 201006 201006 201006
-10.42 33.46 23.25 18.03 30.22 -95.73 6.49 20.09
15.91 37.64 -1.83 29.33 19.6 -191.91 7.59 30.98
2.61 20.56 -6.09 17.3 8.09 -234.1 -13.4 18.44
1.63 4.68 0 13.91 1.48 0 0 16.82
259.5 699.6 56 517.9 70.35 14.35 329.5 363.3
178 550 24.8 343.1 25.3 6.6 271.1 215
300 778 74.8 558 73.95 30 365.8 415
50.75 58.43 47.78 44.31 71.8 58.22 49.13 43.7
0 8.71 8.31 123.85 10.33 13.21 23.8 0.22 0 1.97 18.52 1.13 29.71 4.36 28.82 6.41 0
0 9.9 15.82 24.19 11.11 13.92 18.06 1.68 -1.68 17.8 20.52 9.29 11.11 14.62 29.23 19.54 0
0 8.59 20.6 23.19 12.03 16.88 19.99 0.66 -60.21 14.5 32.09 5.73 46.8 15.07 28.13 20.29 0
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
7.67 86.54 0.28 -16.12 65.39 -6.63 47.55 76.75 43.84 -40.57 38.61 97.86 60.14 70.31 36.8 14.04 33.5
-11.08 12.25 11.94 15.82 -3.49 20.04 -8.91 64.05 -18.94 7.9 -3.84 7.8 2.49 3.56 5.9 4.24 12.7
-26.58 -2.08 2.07 4.97 -9.18 5.07 -17.97 12.51 -46.69 5.6 -19.72 -12.67 -3.64 0.73 -4.84 -2.41 0.61
0 0 0.43 8.02 0 4.46 0 0.75 0 0.25 0 0 0 0.13 0 0 0.08
26.1 134.85 91.95 888.55 76.85 106.05 432.75 65.5 111 20.3 79 9.83 62.1 85.4 172 118.95 16.49
14.7 98.8 67.1 824.2 53.1 50.45 289 14.55 77.25 17.15 48.5 9.6 46.5 51.5 115.3 86 13
37.65 242.9 167.3 1370 158.6 134.8 480 73.8 160.75 33.4 111.6 17.24 110.4 123.6 235 143.5 27.85
75 41.79 37.79 54.72 44.64 48.01 47.15 68.81 74.85 37.64 32.76 26.53 33.93 37.98 52.48 67.99 46.97
0.62 9.2 14.12 73.99 18.74 5.03 54.27 21.29 25.97 15.88 60.16 20.8
8.99 10.48 10.95 23.8 49.94 9.23 20.32 34.15 28.32 12.33 12.36 36.02
11.81 28.12 11.16 24.53 44.15 5.73 32.39 34.63 26.71 9.66 10.78 24.34
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
13.78 16.12 42.11 1312.3 3.14 10.9 23.18 1.36 21.19 15.57 7.94 16.99
36.08 25.03 23.37 11.58 13.2 0.69 18.6 24.81 33.9 13.89 13.47 21.48
27 12.7 8.7 6.78 9.36 -5.1 14.27 15.39 19.36 6.22 8.02 14.52
0.33 7.1 3.78 6.73 2.94 0 10.52 1.72 2.96 3.05 0.58 4.28
23.5 567.9 356.4 186.85 146.75 91.75 185.05 233.05 320 606.05 123.7 162.9
15.3 272.5 142.1 136.55 111 84 114.28 165.2 50 286 82.3 144
28 685.8 364 199 195.8 157.7 208.7 311.5 407.15 648.15 129.95 251.45
46.19 64.04 48.65 75 74 50.3 40.34 45.43 74.73 57.48 35.38 83.51
10.2 1.42 0.83 15.85 0 0 0 0.89 4.6 9.19
12.94 8.71 12.65 12.51 0 0 0 13.86 13.84 101.89
8.3 6.45 8.75 14.88 0 0 0 -3.72 9.43 66.89
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
0.55 39.52 2.79 25.27 53.48 18.05 -9.77 -39.64 -23.4 33.33
9.6 16.1 42.53 16.56 87.14 0.2 -4.46 4.82 17.15 2.76
6 -1.98 3.78 5.1 -17.5 -10.16 -6.37 -12 1.18 1.73
5.1 0 0.15 2.32 0 0 0 0 0.08 0.57
234.3 63.75 29.5 417.05 45.75 11.87 42.8 112.55 40.85 98.25
141.7 54.6 18.3 307.7 29.8 9.7 36 61.45 29 15.55
310.3 91.5 51.6 488.8 54.4 17.4 66.8 152.45 55 100.8
59.13 19.16 39.06 52.83 58.34 2.01 92.98 50.1 43.73 63.25
24.65 0 3.19 3.19 9.04 2.18 16.95 0 93.24
28.48 0 9.2 5.06 8.99 2.2 3.19 0 22.24
29.28 0 8.95 2.17 7.62 0.94 4.51 0 34.12
201006 201006 201006 201006 201006 201006 201006 201006 201006
3.13 -3.97 28.14 2.01 20.88 1.16 0.13 17.94 18.57
36.65 -41.39 20.62 -8.3 32.16 4.16 29.16 142.7 26.74
20.71 -116.38 5.56 -47.37 16.36 -16.14 4.7 101.03 12.22
5.09 0 0.61 0 3 0 1.39 2.94 4.43
373.1 7.93 76.85 63.75 360 169.6 321.7 22.8 170.1
229.5 5.12 47.05 51.8 256.8 131.8 230.25 18.65 158.4
467 10.69 79.9 93 543.3 319.7 498.5 36.95 214.4
67.87 53.36 46.98 56.25 50.16 67.72 76.15 77.73 68.96
0.69 82.13
13.81 17.13
7.99 11.84
201006 201006
1715 79.09
13.17 20.8
7.22 9.01
0.81 24.33
105.7 2406.95
9174.58 753.01 2762.71 5809.87 2437.86 24737.36 276.66 233.04 2717.2 562.04 549.42 618.8 203.99 85457.98 518.23 288.32 58251.19 2661.55 1835.73 5438.23 15428 1402.96 326.16 204.06 212 278.52 190.66 590.45 4613.33 570.2 939.37 260.87 493.17 249.84 165.73 618.64 625.05 182.71 925.31 412.36 814.5 279.83 435.12 432.85 204.31 1259.36 492.91 234.98 167.17 364.3 72394.5 1655.09 65335.64 623.28 2706.55 408.73 216.08 889.65 559.48 21079.39 307.98 2581.03 2387.02 1016.5 414.22 172.97 3741.12 274.9 221.56 230.2 179.25 150.96 228.53 5725.22 194.7 3067.72 185.51 15247.8 728.03 792.79 474.01 611.19 316.98 169.37 413.4 2550.97 234.88 1132.1 7649.61 174.47 12474.78 333.41 347.76 295.3 4033.71 4388.11 549.33 1232.64 256.84 304.41 733.27 224631.57 141685.47 485.52 25365.19 4016.25 2112.84 35005.78 9168.45 4325.62 2466.45 3148 170.6 2977.4 1302.68
210 40.55 16.45 129.18 83.5 652 7.25 37 309 42 45.25 115 55.8 154.5 21.75 48.35 434.35 59.5 97.3 212.05
4.16 8.15 0 15.12 2.9 16.38 17.89 3.4 9.69 0.29 0 12.27 7.76 9.08 3.89 17.35 0 18.05 3.57 12.53 9.19 10.52 4.14 1.52
1372.65 342.46 2349.87 1134.99 1625.25 4646.91 581.77 303.2 397.99 332.65 545.64 500.31 343.37 9029.37 399.03 508.19 6471.27 550.21 1063.97 2041.13 4182.65 327.23 107.02 0.08 96.86 128.61 21.64 178.26 109.73 336.12 51.65 0.32 59.98 92.17 33.83 259.22 219.03 144.32 216.72 665.74 274.54 105.52 404.59 220.53 128.94 712.93 224.58 109.18 105.96 273.21 3370.58 398.29 2118.86 136.29 420.38 106.51 1.73 48.06 140.46 5341.04 128.57 715.66 538.82 184.66 448.92 143.55 302.97 25.01 66.54 50.5 118.61 108.11 458.53 1218.6 91.67 591.08 149.24 1455.51 37.33 77.95 57.81 347.85 67.94 76.32 82.43 122.45 11.21 91.6 451.01 31.61 2087.3 121.04 22.24 40.16 439.7 110.46 55.98 1001.53 28.84 24.55 242.8 19021.67 9323.7 49.82 3626.41 952.95 106.27 3041.12 844.01 552.21 525.18 352.21 18.15 334.06 241.07
14.05 1215
109 2539.7
41.55 25.82
6.82 -2.71 -19.41 46.67 -1.81 34.34 -25.04 9.05 6.04 15.89 -94.35 -20.98 -37.71 -24.34 22.15 -10.81 27.24 -44.9 3.21 8.48 -8.83 29.15 11.78 -15.58 15.43 7.11 -28.58 3.62 13.2 -4.05 8.49 33.79 -4.6 39.69 70.9 -14.66 20.2 -8.78 18.16 25.5 40.08 75.53 51.85 -1.09 60.64 37.39 48.15 241.99 34.17 23.09 76.94 20.33 12.82 22.75 14.32 7.95 990.7 26.6 13.28 -2.18 29.91 32.93 4.89 24.71 18.07 -9.73 -9.38 9.15 6.92 57.56 -60.21 47.57 72.51 16.89 59.17 4.69 -12.24 20.22 -5.64 11.25 -9.7 -14.17 6.56 22.19 311.28 -15.03
20.48 9.93 -23.9 7.69 14.38 50.81 15.09 20.18 8.16 10.82 -134.27 32.03 12.5 22.68 13.23 19.75 -1.37 24.36 7.68 6.7 18.96 8.75 18.63 8.97 11.78 18.46 17.28 9.58 12.8 34.88 7.42 23.77 17.23 6.48 0.62 26.15 37.41 42.47 26.28 27.07 21.15 25.99 29.97 19.74 8.15 18.58 25.06 22.21 14.42 15.88 21.59 22.08 5.19 37.04 16.2 20.09 14.07 17.34 9.05 21.71 35.55 37.93 22.04 19.21 22.16 7.42 23.45 28.29 25.32 89.99 -113.48 -20.05 9.14 15.21 9.7 41.77 31.83 27.71 29.15 32.02 23.93 27.28 24.41 29.07 5.37 20.09
Investment Monitor Oct, 2010
Stock Market Moitor
Quarter End
Year End Company Lakshmi Mills Mafatlal Inds. Maha.Shree Umaid Maxwell Inds. Ruby Mills Textiles - Cotton/Blended Aarvee Denims Ambika Cotton Arvind Ltd Bannari Amm Spg. Birla Cotsyn DCM Modern India Nahar Indl. Ent. R M Mohite Tex. Rajapalayam Mill SEL Mfg. Co Sh. Ganesh Spin. Spentex Inds. Suryalak. Cott. Sutlej Textiles Vardhman Textile Textiles - Jute - Yarn / Products Cheviot Company Textiles - Manmade Aditya Bir. Nuv. Century Enka Indo Rama Synth. JBF Inds. Nirlon SRF Textiles - Processing Alok Inds. Donear Inds. Garden Silk Mill Jaybharat Text Mudra Lifestyle S Kumars Nation Shree Ram Urban Shri Lakshmi Siyaram Silk Textiles - Products Aarya Global Abhishek Inds. Bombay Rayon Brandhou.Retail Garware-Wall Rop Gokaldas Exports Jindal Worldwide K P R Mill Ltd Kewal Kir.Cloth. Koutons Retail KSL and Indus Nahar Spinning Page Industries Pantaloon Retail Provogue (India) Raymond Shoppers' Stop SVC Resources Trent Welspun India Zodiac Cloth. Co Textiles - Silk Himatsing. Seide Textiles - Spinning - Synthetic / Banswara Syntex Jindal Cotex Ltd RSWM Ltd Sangam India Trading 3M India Adani Enterp. Aegis Logistics Atco Corp Cals Refineries Empower Inds. Farmax India Kanani Inds. MMTC Prraneta Inds. PTC India STC Sat Industries Sh.Global Trad. Sical Logistics Surana Corp. TCI Inds. U B Holdings Ushdev Intl. Transmisson Line Towers / Jyoti Structures K E C Intl. Kalpataru Power Sujana Towers Transport - Airlines Jet Airways KF Airlines SpiceJet Travel Agencies Cox & Kings Intl. Travel Hse Thomas Cook (I) Tyres Apollo Tyres Balkrishna Inds CEAT Dunlop India Falcon Tyres Goodyear India JK Tyre & Indust MRF TVS Srichakra
Current Data
Year End
Equity
Net Sales
Growth (%)
EBITDA
EBITDA (%)
PAT [Latest]
EPS
ROCE
RONW
Qtr End
Net Sales
Growth (%)
Ebitda (%)
PAT (%)
EPS
CMP
52 WL
52 WH
M Cap
Pr. Holding%
200903 200903 201003 201003 201003
6.96 5 8.64 12.62 4.18 771.35 23.46 5.88 231.98 15.75 213.49 17.38 7.51 40.03 20.1 3.51 30.36 4.35 73.73 15.13 10.92 57.77 4.51 4.51 457.66 103.01 20.85 151.83 62.24 58.22 61.51 1231.1 787.79 10.4 38.29 76.57 35.99 236.51 20.63 15.58 9.37 870.39 10.94 222.19 111.9 53.6 23.71 17.19 20.05 37.68 12.33 30.55 40.27 18.05 11.15 34.88 22.87 61.38 34.91 5.22 20.04 73.09 8.39 49.23 49.23 100.65 13.08 25 23.15 39.42 1585.6 11.27 49.8 18.77 10.14 794 0.5 11 8.99 50 7.77 294.55 60 7.38 102.91 39.54 21.86 0.91 66.82 29.43 112.96 16.4 49.34 26.5 20.72 594.12 86.33 265.91 241.88 92.06 62.92 7.99 21.15 269.03 50.41 19.33 34.24 71.98 17.04 23.07 41.06 4.24 7.66
106.53 124.87 319.53 211.39 130.67 11429.82 374.77 208.07 2316.75 355.32 344.65 238.56 237.67 1013.18 105.58 255.28 942.08 8.08 729.83 410.13 1146.92 2742.95 176.14 176.14 13359.66 4791.96 1230.87 2462.3 2683.84 9.61 2181.08 11913.69 4214.4 240.91 2514.9 537.4 360.1 2154.78 39.73 1055.25 796.22 22816.14 9.07 1803.36 1614.77 657.46 448.73 1068.74 184.31 788.5 175.28 1046.68 1045.7 1055.11 339.38 6661.42 467.12 1346.5 1568.37 14.48 571.55 1682.96 266.65 456.25 456.25 3158.77 630.97 146.33 1529.22 852.25 94591.15 1086.86 11421.22 284.67 16.99 0 73.67 19.9 86.81 45263.91 3.99 7770.34 21508.65 33.03 307.43 536.13 4062 5.42 324.31 1785.82 9174.25 2013.14 3875.41 2586.84 698.86 17608.69 10359.69 5067.92 2181.08 527.64 176.39 108.16 243.09 21208.21 5036.56 1350.97 2807.47 175.56 785.34 1016.45 3677.7 5657.45 700.71
3.13 -65.25 7.61 10.16 3.85
8.11 351.84 41.82 27.6 44.81 2055.49 68.26 61.38 379.12 68.41 30.08 74.41 27.87 156.47 16.16 74.85 183.17 0.57 81.86 50.52 154.05 628.31 25.3 25.3 2164.29 834.5 224.44 123.03 307.09 22.01 653.22 2354.16 1285.94 24.93 252.84 78.16 55.81 427.19 -14.79 162.92 81.16 3451.94 0.78 377.26 403.19 58.74 49.66 65.35 18.36 166.61 56.92 224.65 168.42 195.5 71.62 680.72 72.37 227.07 119.14 2.32 71.21 382.3 39.75 98.31 98.31 457.57 107.09 13.71 199.88 136.89 2624.39 158.38 750.66 64.48 5.03 0 0.74 2.05 8.6 759.89 0.07 138.63 307.97 0.08 0.11 57.46 115.36 0 176.33 78.55 1206.86 272.36 456.43 384.72 93.35 415.56 1487.33 -1158.61 86.84 180.81 89.57 27.21 64.03 2959.95 809.5 396.05 338.14 5.49 71.16 127.92 424.19 716.72 70.78
6.27 281.77 10.58 13.06 23.4
-1.86 337.51 14.56 7.02 19.13 515.88 22.97 18.53 52 15.06 7.55 65.7 12.13 19.47 1.75 11.77 66.89 0 -22.36 4.35 26.31 213.76 16.41 16.41 705.81 283.4 100.16 -97.83 129 -18.34 309.42 500.11 247.34 -18.2 63.2 19.22 10.6 106.1 -13.8 51.99 33.66 947.99 0.74 56.46 175.92 16.21 19.38 -1.93 -0.1 50.18 32.52 79.56 4 53.49 39.61 140.58 28.35 25.06 50.23 1.45 40.22 115.01 21.05 8.21 8.21 91.15 30.88 7.09 36.03 17.15 951.05 92.84 254.41 38.94 4.8 0 0.19 0.42 7.55 216.24 0 94.1 106.95 0.02 0.08 26.36 40.47 -0.07 40.79 26.96 464.36 91.01 170.99 170.46 31.9 -2053.41 -467.64 -1647.22 61.45 83.51 50.06 11.29 22.16 1335.46 414.99 208.73 161.04 1.27 30.02 73.09 163.47 253.03 29.82
0 675.02 16.42 0.82 45.1
1.18 58.01 10.89 12.92 3.34
-14.06 162.58 10.16 6.81 8.24
201006 201008 201006 201006 201006
44.29 6.96 18.56 10.69 -8.59
13.78 -11.91 12.89 10.2 110.38
2.19 -15.57 4.49 3.02 73.08
12.2 0 4.48 0.27 49.69
2563 258.35 249.9 27.15 1157
2999 292.6 293.1 30.15 1340
52.37 65.73 83.7 63.57 74.92
10.27 10.89 7.97 6.99 6.37 6.61 21.69 5.97 6.31 8.89 12.69 3.29 0 7.97 8.68 10.39
9.28 14.4 3.45 9.05 3.58 24.78 28.58 3.32 3.38 9.58 16.2 0 0 4.01 19.39 15.67
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
21.55 50.4 -1.58 43.31 56.08 39.54 -60.98 21.56 29.52 27.5 95.09 2303.51 42.23 51.93 40.6 30.1
20.68 25.68 18.03 25.38 10.54 19.6 3.81 15.31 18.37 28.61 16.17 1.31 13.81 15.55 15.85 22.67
8.06 9.61 3.34 9.06 1.69 7.98 2.56 3.32 5.02 5.75 6.48 1.09 1.85 5.75 4.46 9.76
3.45 10.2 0.82 6.5 0.02 3.26 0.26 2.4 0.74 11 4.08 0 0.58 5.45 14.23 13.63
79.95 257.9 42.35 139.4 1.12 106.85 103.9 82.85 235 613.35 43.5 7.24 21.3 128.5 247.65 307.35
42 95 30.1 88.55 0.72 27.8 91 50 22 378 41.1 1.98 8.7 23.5 80 148.5
93.8 282.5 47.2 153.8 1.47 109.7 248 94.8 235 774.8 107.2 17.7 25 141.9 274.9 346
58.8 37.45 38.71 55.55 18.64 45.56 86.15 63.35 72.87 49.38 19.45 0.23 46.51 61.12 63.86 67.22
75.23
18.53
11.64
17.58
385.9
31.95 -1.02 -14.97 26.12 238.47 24.61
15.98 12.45 5.62 10.64 58.81 22.18
5.09 4.8 -2.14 3.73 -31.72 8.88
6.29 6.79 0 5.08 0 9.05
870.3 240.2 43.8 161.3 67.95 290.35
39.77 31.14 49.56 4.56 23.28 25.62 5.11 29 25.72
29.74 18.33 5.4 15.25 15.64 19.31 -5.4 11.92 12.18
4.23 2.63 0.78 3.49 2.22 3.62 -41.58 5.45 5.04
0.59 0.31 1.72 0.23 0.69 0.9 0 11.56 9.07
20.65 31.55 88.35 264.5 48.75 78.5 253.2 159.5 337.7
-82.18 41 49.46 13.64 2.66 4.07 25.34 26.27 36.33 -20.2 46.1 14.93 50.72 -1.22 40.13 2.63 25.07 477.78 28.87 9.91 8.25
92.59 16.54 25.89 9.51 10.49 -1.78 10.36 27.63 33.47 21.94 14.48 18.27 20.47 9.45 18.69 3.5 6.56 50 11.16 13.91 12.18
92.59 1.82 10.38 2.72 4.61 -7.17 5.41 12.79 19.61 3.43 0.66 5.15 11.45 3.2 7.85 -10.33 2.62 33.65 5.21 3.46 6.55
0.45 0.48 4.66 0.72 2.32 0 2.02 7.53 7.18 1.8 0.21 4.23 12.28 0 0.69 0 2.87 0.27 4 1.82 3.4
18.8 18.45 266.1 37.3 82.55 134.25 280.25 196.95 391.05 282.75 37.25 119 1230 494.65 63.25 373.5 683.9 273.2 1069.1 65.15 351.95
178.38 253.44 215.91 171.32 483.63 6511.71 187.56 151.65 982.44 219.56 239.11 185.71 390.14 334.71 472.35 215.29 432.17 326.31 157.04 171.68 270.43 1775.56 174.04 174.04 13367.52 8964.09 524.84 665.02 1061.35 395.6 1756.62 15670.66 1626.81 164.06 338.29 10125.06 175.45 2083.86 522.35 318.36 316.42 29304.06 207.74 409.94 2977.66 199.93 195.73 461.55 561.9 742.11 482.16 863.8 375.01 429.11 1371.45 10736.38 723.26 2292.54 2394.33 713.05 2143.55 579.05 443.81 451.44 451.44 1383.12 183.12 679.28 352 168.72 237349.57 4157.9 77382.92 1120.41 695.1 235.74 541.07 835.12 705.18 135940 1505.42 3503.55 2423.7 165.78 4130.81 265.38 233.36 265.36 2063.07 1179.7 7395.92 1140.08 2669.98 2914.78 671.08 11799.79 7095.89 1793.56 2910.34 5659.7 3942.02 204.02 1513.66 12763.94 4140.36 1381.13 613.58 692.09 548.69 633.85 773.98 3736.29 243.97
1212 59.05 99.25 16.05 652.1
7.07 31.02 2.2 9.31 0.03 37.8 3.16 4.69 0.87 32.54 22.03 0 0 2.72 23.68 36.5
38.9 30.89 86.22 56.64 28.42 3344 100.23 62.34 569.65 113.06 113.77 71.01 38.61 292.34 29.66 68.3 356.86 13.7 232.38 126.71 348.67 806.71 68.11 68.11 3653.28 1274.42 303.73 584.36 849.12 24.81 616.84 3445.59 1098.97 61.69 845.33 137.67 111.41 588.6 9.26 423.87 168.79 5866.45 0.54 583.08 502.7 142.12 119.38 247.18 75.03 222.04 45.14 160.65 316.69 295.72 119.7 1642.41 99.45 240.93 382.38 2.08 153.88 449.85 65.5 145.67 145.67 920.53 178.9 55.25 431.28 255.1 21619.53 288.72 832.1 62.19 3.2 0 38.08 17.87 41.58 12045.53 56.26 2757.56 3088.89 3.95 117.59 132.31 1360.81 0.36 65.29 707.24 2173.95 564.24 824.27 535.61 249.83 5095.42 2746.98 1640.58 707.86 192.17 78.64 32.98 80.55 6252.42 1121.27 456.03 772.22 48.05 211.63 328.8 1163.49 1924.44 226.49
201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 200803 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 201003 201003 201003 201003 201003 201003 201003 200912 200906 201003 201003 201003 201003 201003 201003 201003 200903 201003 201003 200903 201003 201003 201003 200906 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 201003 200903 201003 200803 200903 201003 201003 200803 201003 201003 200803 200903 201003 201003 201003 200903 201003 201003 201003 201003 200909 201003 201003 201003 201003 201003 200912 201003 201003 201003 201003 200909 200912 201003 200909 201003
17.28 17.06 -1.55 23.88 77.7 11.55 14.84 1.33 0 8.71 59.75 -22.38 10.38 15.4 34.77 11.79 -7.24 0.79 5.9 -3.63 12.09 11.23 20.82 44.94 30.61 88.86 10.29 18.27 39 1.48 24.85 22.9 -74.91 28.99 20.29 19.03 2.58 -2.14 33.39 9.79 21.23 31.91 24.22 9.68 33.27 25.78 32.97 -3 11.97 442.32 11.2 34.19 -0.02 11.74 14.95 5.59 18.44 13.9 46.38 1.33 -22.71 94.84 -100 45.77 18.31 59.96 22.28 -43.8 19.01 8.71 63.03 18.73 13.47 81.35 -18.62 18.55 25.34 17.24 13.08 38.52 -6.54 -9.74 -3.27 29.1 13.73 4.04 -11.53 23.74 10.83 18.63 -1.03 76.24 10.5 -25 12.15 21.58
16.96 29.5 15.94 19.25 8.73 11.64 11.73 15.39 15.31 29.32 19.44 7.05 11.16 12.32 13.42 22.71 14.36 16.86 16.91 5.43 10.79 209.12 27.86 29.97 10.35 9.5 14.54 15.5 19.82 -37.23 15.44 10.19 8.6 20.71 24.97 8.93 10.99 6.05 9.49 21.13 32.47 21.46 16.11 18.53 20.66 10.22 15.49 15.5 7.6 16.02 10.32 22.54 14.91 19.28 15.63 9.37 13 16.01 14.17 6.57 22.65 29.59 0 1 10.3 9.9 1.68 1.75 1.58 1.43 0.24 0.04 8.52 2.84 0 46.7 4.4 13.2 11.64 14.56 13.36 13.57 -14.86 3.98 50.78 25.16 26.34 14.92 29.08 11.31 3.2 8.36 11.97 10.72 11.67 9.39
35.06
11.77
9.5
201006
26.74 46.99 0 19.71 0 47.96
7.74 21.62 -0.77 16.69 0 26.4
6.45 19.59 -17.01 18.77 0 29.05
201006 201006 201006 201006 201006 201006
3.1 0 16.21 0.49 2.85 4.49 0 33.03 34.9
9.43 -4.02 12.62 9.89 8.12 12.29 -4.34 14.14 16.6
11.06 -24.81 13.66 11.33 5.75 11.75 -35.86 21.12 21.56
201006 201006 201006 201006 201006 201006 201006 201006 201006
0.68 2.54 15.47 3.02 7.75 0 0 12.4 25.38 25.87 0.4 14.57 31.96 7.95 2.45 4.08 14.14 0.56 18.99 15.29 23.9
4.98 9.62 9.16 19.08 11.97 3.66 0 9.47 27.92 23.12 4.63 9.82 44.34 11.8 6.81 3.99 18.72 17.96 5.67 12.28 22.37
4.73 11.9 11.28 13.69 9.19 -0.57 0 9.6 19.92 20.54 0.65 10.07 42.63 6.83 4.07 0.85 18.54 10.74 5.05 19.39 16.35
201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
0.79
4.21
0.37
201006
23.19 2.84 14.27 4.19
13.81 7.06 8.76 8.43
25.89 9.29 15.89 9.34
201006 201006 201006 201006
65.9 4.94 19.77 4.73 0 0.38 0.65 4.11 41.75 0 3 17.03 0.01 0 6.67 18.26 0 6.1 8.8
28.7 14.34 23.46 27.76 0 4.7 6.25 22.53 12.57 0.25 6.47 10.08 0.29 0.02 3.91 31.19 0 6.69 21.15
18.84 14.08 21.78 42.38 0 4.96 2.9 37.09 17.94 0 4.57 17.62 0.12 0.03 5.58 25.45 0 1.51 11.68
201006 201006 201006 201006 200903 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006 201006
10.93 33.59 63.09 7.69
32.29 31.46 22.48 15.74
19.79 25.83 18.69 11.54
201006 201006 201006 201006
0 0 2.54
0 0 16.2
0 0 242.26
201006 201006 201006
7.79 13.58 0.98
12.93 23.36 12.11
11.33 15.87 12.14
201006 201006 201006
8.11 106.82 46.35 0.18 5.74 30.49 39.23 592.52 37.23
28 31.93 25.82 0.92 17.54 62.53 22.64 21.23 24.45
26.98 36.99 28.95 0.64 43.28 39.63 31.71 20.39 39.55
201006 201006 201006 201006 201006 201006 201006 201006 201006
Investment Monitor Oct, 2010
79.46
5.4
-7.54
0
45.85
19.35 89.99 17.66 30.35
16.7 10.71 14.26 15.06
4.82 3.58 4.09 3
6.04 0.79 7.58 1.94
124.15 150.95 152.05 42.8
43.57 -69.34 -3.39 -49.04 -100 144.1 19.13 130.62 60.56 1512.03 16.27 -41.51 -21.31 60.58 4.35 136.2 -72.31 -3.91 105.27
17.8 16.28 21.23 34.06 0 2.28 15.89 14.91 0.39 1.26 1.51 1.3 1.01 0.43 10.83 2.5 -41.67 85.57 4.58
11.03 10.11 13.28 21.25 0 1.89 6.99 14.36 0.46 1.24 1.01 0.29 0.51 0.43 5.67 1.47 -47.22 11.9 1.69
28.27 1.6 2.64 0.12 0 0.06 0.05 3.32 11.05 0.03 0.94 1.5 0 0.02 1.9 9.18 0 1.16 4.07
3689.35 669.75 357.5 137.1 0.29 6.19 35.95 392.2 1359.4 66.7 118.95 403.95 42.4 200.7 67.15 106.75 2793.3 308.75 400.85
16.5 13.47 10.38 42.86
11.44 9.45 15 15.25
4.67 2.51 6.88 5.25
3.21 4.03 12.68 1.45
138.95 519.25 189.95 74.3
31.75 28.91 34.91
18.36 7.45 10.21
0.13 -11.42 7.8
0.41 0 2.11
821.95 67.45 75.55
28.77 50.94 33.21
57.9 26.8 50.78
33.66 12.95 27.23
4.21 5.34 1.04
577.5 255.35 71.5
-4.99 51.2 20.84 -19.24 62.74 19.44 29.61 34.24 43.84
10.48 19.18 5.32 5.79 10.73 10.18 6.3 9.08 9.22
3.62 9.73 1.8 1.71 6.02 5.87 1.68 3.2 3.27
0.81 22.96 4.05 0.11 3.74 8.37 4.76 145.21 9.67
82.15 714.5 179.2 96.15 161 274.75 188.5 8812 318.5
184
417
73.92
704.1 164 29 80 48.7 165.6
1029.9 330.9 47 190 84.35 299.65
46.06 31.39 63.5 47.45 16.07 47.25
17.75 19.1 65.1 225.1 29.25 37.5 99.5 85.1 114.6
27.9 40.6 95.65 541 51.7 87.5 297.7 179.9 397.5
28.36 74.89 55.95 68.55 54.49 49.83 59.68 43.67 67.06
3.43 12.5 176.25 24.1 52 119.15 162.05 58.25 157.8 276.4 32.85 50.6 616 277.65 41.2 175.05 248.9 97 604.05 54.6 166.8
19.15 22.8 277.9 59.4 93.45 193 343 215 418 451 82 140 1339 531.25 72.2 424.55 738.7 324 1196.2 116 382
0 63.52 35.08 55.73 46.49 88.27 74.87 74.48 74.06 63.9 39.22 63.4 61.82 44.73 42.25 39.63 68.77 12.52 31.32 41.78 60.83
34
52.3
53.67
59.1 77.9 72 24.2
134.4 164.95 163.45 45.45
52.89 30.55 49.4 36.03
1605 316.86 81 31.3 0.27 1.68 12.13 114 1306.1 17.57 85.75 282 24.6 187 52.5 31.75 1315 188.05 121.55
3995 710 363.15 149 0.89 8.65 39.9 537 2000 68.9 129.7 561.7 50.9 474 110.25 116.3 4078 345.9 401
76 73.82 66.54 66.27 0.11 7.32 30.58 74.83 99.33 2.03 16.3 91.02 37.13 74.87 42.66 50.89 74.16 51.43 54.46
127.5 450 163 38.6
197 640 250 75.65
26.8 41.65 54.99 38.79
323.65 39.2 32.4
836 70.7 81
80 66.27 9.47
304.1 90.1 51.15
659.7 265 78.5
63.64 61.69 77.23
39 339 124 50 127.2 175 124.1 5184 142.05
88.8 770 195.4 138.9 233.95 409.45 235.7 9424 358.2
39.74 54.37 48.45 74.5 84.9 74 46.97 26.69 43.31
31
Equity Stock Ideas Anantraj Industries Ltd. CMP: Rs. 137 Recommendation: BUY 52 Week High: Rs. 163.80 52 Week Low: Rs. 99
The recent economic downtrend led to a correction of prices across locations, including some established locations. Owing to strong balance sheet, high cash reserves and minimal debt, the company intends to acquire land at established locations at attractive prices. The company has properties in key location of Delhi NCR. The company has strategy to develop itself in the local geographies confined to Delhi NCR region. Its in-depth regional knowledge of the area allows it to act more expeditiously than other players in making investments and identifying locations with high economic potential in Delhi NCR.
Investment Rationale Quality and Diversified Land Portfolio
The company has 1,000 acres of land in the Delhi-NCR area out of which 500 acres is in Delhi and 450 acres of its land bank is within 30 kms of Delhi.
The company has reportedly huge land bank in NCR. With the impending zoning changes, the company is expected to get benefit hugely.
Foray into Project Constructions
In order to further diversify, the company is now entering into project construction segment and target to develop 6 mn sq ft of area in the coming 2 years. To prove its delivery capabilities, the company has started executing projects in high growth area of Delhi, Gurgaon and Sonepat and has plans to develop constructed space worth Rs 1000 Cr. The company intends to spend Rs 750 Cr to acquire land bank in this space. Keeping this in view, the company fully acquired Jubilant Software Service Pvt Ltd for Rs 81 Cr. Jubilant Software Service owns 15.58 Acres of land in Gurgaon, which is eligible for a Group Housing Project. The company has already paid for most of the land. The company intends to develop around 70 million sq ft area in next 10 years. The land portfolio is well diversified across various segments including residential, commercial/retail, IT parks, Special Economic Zones (SEZs) and hotels. This diversification provides the company with insulation against any adverse market scenario in specific segments.
Growing Lease Income Ensuring Financial Stability
The company drives 17% of its revenue from lease/ rent income by providing space in commercial/retail, IT parks, SEZs and hotels. 68% of land bank constitute for the segment, most of which located at prime locations in NCR. Recently, the company has completed few projects in this segment and these new projects are expected to add revenue in the coming years. The company is expected to deliver 3.60 mn. sq. ft. of Commercial/ IT (lease generating) incremental real estate in the next 24 months including 0.75 mn sq ft of Shopping mall at Kirti Nagar which is expected to be delivered in a short span of time.
Strong Balance Sheet
As on 31st March 2010, the company has equity networth of Rs 3,596 Cr while debt stands at Rs 139 Cr translating into a debt-equity ratio of 0.05x. The company has cash of Rs 490 Cr as on 31st March 2010. The company issued 2 Cr warrants to promoters (@ Rs 87 a share), which are due for conversion in Jan 2011 will further strengthen the cash position by Rs 130 Cr.
Strategically Land Acquisition
The company has acquired most of its land bank through the allocation route from Delhi Development Authority (DDA) at significantly lower prices compared to prevailing rates. And in 2009-10, when the other players were sitting with huge debt and no cash, the company bought land at very low prices when there was no one to compete. Assuming construction cost being same, the price and the location of the land determines the margins, and the ability to sell.
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Despite operating in a highly debt sensitive industry in which most of its peers operate with high leverage, minimal debt and huge cash provides the company an edge to acquire land at reasonable cost and timely execution of projects.
Favorable Industry Outlook
According to industry estimates, Tier-I cities of Delhi-NCR, Mumbai and Bengaluru, Tier-II cities such as Kolkata and Chennai, are expected to see a gradual recovery in the later part of 2010.
Investment Monitor Oct, 2010
Equity Stock Ideas Residential Market in NCR
Residential market in NCR continued to witness robust transaction activity for both mid income as well as high end properties. This led to further strengthening of capital values especially in prime Gurgaon. 3.8%
3.9%
17.1 %
2.9%
Ceramic Tiles Sales of Investments Rental Reciept
92.3%
FY’09
80.0 %
FY’10
NCR continues to witness heightened launch activity with number of mid range projects being launched in Gurgaon and Noida. Absorption pick up in Noida/Greater Noida has been astonishing as run rate over Apr/May tripled in 2Q from 1Q levels.
Office Market in NCR
Demand for office segment continues to improve with most micro markets witnessing increased transaction activity. Numbers of companies that had earlier put their expansion plans on hold are now looking to take up space given affordable rentals (post 30-35% decline from peak levels), flexible lease terms and improving economic outlook. Leasing activity has picked up primarily for projects nearing completion; while demand for under construction projects still remains low.
Malls, Residential / Service Apartment and other infrastructure projects - all of which are set to be built in adherence to the most competitive global standards. The company is India’s leading group in terms of attracting foreign investments - one of the major global investors being the Government of Singapore Investment Corporation. Other prime investors include The George Soros Group and Morgan Stanley.
Recommendations
Owing to diversified land bank, situated in the prime locations of Delhi NCR, purchased at low prices, company’s unleveraged position, high cash position indicates strong fundamentals. While leased income ensures revenue visibility, foray into project construction augur well for profitability of the company. The company has reportedly huge land bank in NCR. With the impending zoning changes, the company is expected to get benefit hugely. The Real Estate sector has underperform in the past. With the recovery on cards, the land bank of the company is expected to witness rapid valuation accretion. We assign BUY recommendation on the equity of the company for handsome gains in medium to long term horizon.
Share holding pattern
SEZs Market
There has been a noticeable shift in lease interest towards SEZ projects vs IT parks as Software Technology Parks of India (STPI) tax benefits are set to expire by Mar-11. However, the SEZ lease decisions are being deferred due to prevailing uncertainty over SEZ regulations in the proposed Direct Tax code (DTC) whereby all SEZ units set up after 31 March 2011 would not be eligible for any tax breaks. Clarity on these proposed regulations can likely boost the SEZ demand in the near term.
Company Background
Anant Raj Industries Limited (ARIL) is established in 1969 that has become synonymous with the highest quality, excellence and innovation in the field of real estate development. The company is a leading infrastructure and construction company based out of Delhi-NCR. The company builds and develops residential properties, commercial space, IT parks, SEZs and hotels. The company also manufactures ceramic tiles and sells them under the brand ‘Romano’. The company had consolidated its various group companies carrying similar business activities by way of a series of mergers and acquisitions. After the said mergers, the company’s main focus is on the development of IT Parks, hospitality and housing projects. The company is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes,
Key Financials Y/e 31st March (Rs Cr)
FY '08
FY '09
FY '10
Revenues
604
251
286
EBITDA
562
219
258
PAT
436
204
238
EPS (Rs)
14.55
6.92
8.07
P/E (x)
9.42
19.79
16.97
Debt/Equity (x)
0.02
0.06
0.04
ROA (%)
14.7%
6.2%
6.4%
ROE (%)
15.0%
6.6%
6.9%
ROCE (%)
38.9%
6.5%
6.8%
Investment Monitor Oct, 2010
33
Equity Technical Analysis tion of hydrocarbons to the oil industry in India and abroad. The company is among the 10 largest offshore drilling service providers in the world based on number of rigs. Company’s innovative and cost effective solutions make it one of the most efficient international drilling contractors.
ABAN OFFSHORE CMP TARGET SL OUTLOOK
844 915/980 800 BULLISH
TECHNICAL VIEW:
Aban Offshore was promoted by Mr M A Abrahamin 1986, a first generation entrepreneur. The company is the India’s largest offshore drilling contractor in the private sector, offering world-class drilling and oil field services for offshore exploration and produc-
cent of the domestic car market. Maruti Udyog Limited was incorporated in 1981 under the provisions of Indian Companies Act 1956 and the government of India selected Suzuki Motor Corporation as the joint venture partner for the company. In 1982 a JV was signed between Government of India and Suzuki Motor Corporation.
MARUIT SUZUKI CMP TARGET SL OUTLOOK
1479 1515/1570 1400 BULLISH
TECHNICAL VIEW:
Maruti Suzuki India Limited (MSIL), formerly known as Maruti Udyog Limited, a subsidiary of Suzuki Motor Corporation of Japan, is India’s largest passenger car company, accounting for over 50 per
34
On the daily chart we can see ABAN OFFSHORE has broken its resistance level of 840. If it holds this level then it can touch 915 and 980 level in upcoming month. Currently it is trading above its 8 day, 13 day, 21 day EMA. In technical indicator MACD is also supporting its uptrend rally. So investor can buy this stock with stop loss of 800 for target price of 915/980.
On the daily charts of MARUTI we can see it has broken its resistance level of 1450. Currently it is trading above its 8 day, 13 day and 21 day (EMA). In technical indicator RSI and MACD are also supporting its uptrend rally. Investor can buy this stock with stop loss of 800 for target of 1515 and 1570.
Investment Monitor Oct, 2010
Equity Technical Analysis Archies Ltd CIPLA LTD CMP TARGET SL OUTLOOK
creasing share of exports. The company has filed 800 products till date in European Union with 290 products being approved and 200 products being launched. Amongst the pharma majors Cipla is the third largest pharma company in the domestic retail market with strength in formulations and bulk drugs manufacturing.
321 335/350 310 BULLISH
TECHNICAL VIEW:
Cipla is one of the biggest pharmaceutical companies in the country manufacturing a variety of drugs from the basic stage (bulk drugs) and converts them to formulations (for instance, tablets). The company is a leader in the Indian pharmaceutical industry has been following a balanced approach to growth, while targeting in-
2009, the Company possessed around 2 million tons of raw sugar to cater to operations for six months. The company was the first Indian Company to launch double-refined sulphurless sugar, marketed under the Dhampure brand.
DHAMPUR SUGAR CMP TARGET SL OUTLOOK
On the daily chart of CIPLA we can see it has bounced from its support level of 310 and broken its resistance level of 320. Currently it is trading above its resistance level of 320. In technical indicator MACD is also supporting its rise. Investor can buy this stock with stop loss of 310 for target of 335 and 350.
76 90/100 65 BULLISH
TECHNICAL VIEW:
Dhampur is one of the most efficient integrated sugarcane product manufacturers in India. The Company also enjoys one of India’s largest refining capacities (1,700 TCD), benefiting from one of the lowest conversion cost structures following the availability of thermal power even during the off-season. As on 30th October,
On the daily chart of DHAMPUR SUGAR we can see it has bounced from its support level of 65 and has broken its resistance level of 73. In technical indicator MACD is also support its rise. Currently it is trading above its 8 day, 13 day and 21 day EMA. Investor can accumulate this stock in 70-75 range with stop loss of 65 for target of 90/100.
Investment Monitor Oct, 2010
35
Commodity Fundamentals
GOLD Highlight •Holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, increased 5.17 metric tons to 1,305.69 metric tons. as of Sept. 28, •Disappointing economic data are fueling speculation the Fed will add to monetary easing, boosting gold demand •The Dollar Index, a six-currency gauge of the greenback’s value, dropped to 78.861, the lowest level since Feb. 3. The U.S. currency traded near a five-month low against the euro •No major threat of increased supply •Declining production and increasing demand make Gold very attractive •Central banks selling less – declining trend •Strong demand for Gold in emerging markets, particularly India and China Gold has garnered its fair share of the investment spotlight in recent times and for good reason – the yellow metal has outperformed virtually every major asset category and remains a favorite long-term investment the world over due to its intrinsic worth.Gold’s value as a hedge against runaway inflation is well known. Given the high level of uncertainty in the market, gold looks good both technically and fundamentally.The unique demand and supply drivers that support the global gold market continue to encourage sustained levels of demand from investors, consumers and central banks throughout the world. Gold is expected to continue in uptrend amid fiscal challenges in the UK and Eurozone, PIIGS (Portugal, Iceland, Italy, Greece and Spain) in particular.
Factor Affecting Gold Prices
prices will continue to climb. Gold held through 10 providers of exchange-traded products reached a record 2,089.74 metric tons on Sept. 22. That’s almost as much as the combined official reserves of China and Switzerland, based on data compiled by the Londonbased World Gold Council. Central-bank sales of gold decreased to 94.5 metric tons in the year ended yesterday from 157 tons in the prior period, according to figures on the World Gold Council’s . European central banks have agreed to limit sales since 1999. India, Sri Lanka and Bangladesh bought bullion from the IMF in the past year. Spot gold is heading for the 10th straight annual advance, the longest rally since at least 1920, spurring central banks globally to add the metal to reserves.
Demand by Sector
•The strongest demand was for jewellery accounting for 2185 tonnes • Total industrial demand, including from dental industry was 435 tonnes • ETFs & other similar products accounted for 320 tonnes • 862 tonnes were converted into bars, gold coins and other retail investment products •Total Global Demand (2008): Approx. 3800 tonnes
Supply
•Real value of Gold will increase in the long term as production declines •Decline in Central Bank’s Sales – Have turned into net buyers of Gold.
Fundamental Reasons for bullish run of Gold Global Currency Debasement:
The US dollar is fundamentally & technically very weak and should fall dramatically. However, other countries are very reluctant to see their currencies appreciate and are resisting the fall of the US dollar. Thus, we are in the early stages of a massive global currency debasement, which will see tangibles, and most particularly gold, rise significantly in price.
Investment Demand for Gold is Accelerating:
When the crowd recognizes what is unfolding, they will seek an alternative to paper currencies and financial assets and this will create an enormous investment demand for gold. To facilitate this demand, a number of new vehicles like Central Gold Trust and gold Exchange Traded Funds (Elf’s) are being created. The Federal Reserve is expected to keep the benchmark interest rate between zero and 0.25 percent for an extended period to help the U.S. economy grow. The rate has been at that record-low level since December 2008. Gold miners will return to hedging, according to 77 percent of participants in a survey at the London Bullion Market Association conference in Berlin. Some companies such as AngloGold Ashanti Ltd. have reduced or eliminated hedges, betting that
36
Alarming Financial Deterioration in the US:
In the space of two years, the federal government budget surplus has been transformed into a yawning deficit, which will persist as far as the eye can see. At the same time, the current account deficit has reached levels which have portended currency collapse in virtually every other instance in history.
Investment Monitor Oct, 2010
Commodity Fundamentals Negative Real Interest Rates in Reserve Currency (US dollar):
To combat the deteriorating financial conditions in the US, interest rates have been dropped to rock bottom levels, real interest rates are now negative and, according to statements from the Fed spokesmen, are expected to remain so for some time. There has been a very strong historical relationship between negative real interest rates and stronger gold prices.
Dramatic Increases in Money Supply in the US and Other Nations US authorities are terrified about the prospects for deflation given the unprecedented debt burden at all levels of society in the US. Fed Governor Ben Bernanke is on record as saying the Fed has a printing press and will use it to combat deflation if necessary. Other nations are following in the US’s footsteps and global money supply is accelerating. This is very gold friendly.
Existence of a Huge and Growing Gap between Mine Supply and Traditional Demand
Gold mine supply is roughly 2500 tonnes per annum and traditional demand (jewellery, industrial users, etc.) has exceeded this by a considerable margin for a number of years. Some of this gap has been filled by recycled scrap but central bank gold has been the primary source of above-ground supply.
Mine Supply is Anticipated to Decline in the next Three to Four Years Even if traditional demand continues to erode due to ongoing worldwide economic weakness, the supply demand imbalance is expected to persist due to a decline in mine supply. Mine supply will contract in the next several years, irrespective of gold prices, due to a dearth of exploration in the post Bre-X era, a shift away from high grading which was necessary for survival in the sub-economic gold price environment of the past five years and the natural exhaustion of existing mines.
centive to hedge, and gold producers are not only hedging, they are reducing their existing hedge positions, thus removing gold from the market.
Rising Gold Prices and Low Interest Rates Discourage Financial Speculation on the Short Side: When gold prices were continuously falling and financial speculators could access central bank gold at a minimal leasing rate (0.5 1% per annum), sell it and reinvest the proceeds in a high yielding bond or Treasury bill, the trade was viewed as a lay up. Everyone did it and now there are numerous stale short positions. However, these trades now make no sense with a rising gold price and declining interest rates.
The Central Banks are Nearing an Inflection Point when they will be Reluctant to Provide more Gold to the Market: The central banks have supplied too much already via the leasing mechanism. In addition, Far Eastern central banks who are accumulating enormous quantities of US dollars are rumored to be buyers of gold to diversify away from the US dollar.
Gold is Increasing in Popularity:
Gold is seen in a much more positive light in countries beginning to come to the forefront on the world scene. Prominent developing countries such as China, India and Russia have been accumulating gold. In fact, China with its 1.3 billion people recently established a National Gold Exchange and relaxed control over the asset. Demand in China is expected to rise sharply and could reach 500 tonnes in the next few years.
Gold as Money is Gaining Credence:
Islamic nations are investigating a currency backed by gold (the Gold Dinar), the new President of Argentina proposed, during his campaign, a gold backed peso as an antidote for the financial catastrophe which his country has experienced and Russia is talking about a fully convertible currency with gold backing.
Limited Size of the Total Gold Market Provides Tremendous Leverage:
Large Short Positions:
To fill the gap between mine supply and demand, central bank gold has been mobilized primarily through the leasing mechanism, which facilitated producer hedging and financial speculation. Strong evidence suggests that between 10,000 and 16,000 tonnes (30- 50% of all central bank gold) is currently in the market. This is owed to the central banks by the bullion banks, which are the counter party in the transactions.
Low Interest Rates Discourage Hedging:
All the physical gold in existence is worth somewhat more than $1 trillion US dollars while the value of all the publicly traded gold companies in the world is less than $100 billion US dollars. When the fundamentals ultimately encourage a strong flow of capital towards gold and gold equities, the trillions upon trillions worth of paper money could propel both to unfathomably high levels. Growing weight of investment money is poised to enter the gold market in the first half of 2010, according to the latest Gold Survey Update from international precious metals consultancy says that investor demand will be driven by fears of a double-dip recession, continuing huge government deficits, monetary policy . “Drawing together analyses from around the world, the survey predicts that gold prices will exceed $1350/oz by the second quarter of 2010, compared with a 2009 average of $972/oz in international Market. The high levels of economic, inflation and exchange rate uncertainty are unlikely to disappear anytime soon. As global economic conditions improve, jewellery and industrial demand are likely to continue to recover”
Rates are low and falling. With low rates, there isn’t sufficient contango to create higher prices in the out years. Thus there is little inInvestment Monitor Oct, 2010
37
Commodity Technical
Aluminium Aluminium prices are set to show increase in 2010 as compared to 2009. The latest report from Australian Bureau of Agriculture and Resource Economics (ABARE) suggests that Aluminium prices averaged $1663 a tonne on the London Metal Exchange (LME) in 2009, which was 33 per average cent lower than the for 2008. For 2010 as a whole, aluminium prices are forecast to average around US$2150 a tonne, which is a rise of 29 per cent from 2009. Assumed stronger world economic activity in the short term is forecast to lead to an increase in aluminium consumption and, hence, prices. However, aluminium forecast to remain at close to 10 weeks of consumption, which is expected to limit any significant increase in prices.China’s consumption of aluminium is forecast to increase by 6 per cent in 2010 to 15.3 million tonnes and by a further 13 per cent in 2011 to around 17.3 million tonnes. Indian consumption of Aluminium is also expected to increase by 6% in 2010.The higher levels of consumption would be the result of increase in economic activity and urbanization.
Technical Comment
Aluminium is still responding well above to the long term signals within the overall MACD signals. Strong Support on around 98 and Resistance are around 105. Trend line is moving up with ascending channels. Also on above chart you can see the triangle target, is providing some overhead resistance to a move higher. RSI moving above 50 and seems a fresh breakout. Benchmark MCX contract of aluminium is expected to rally in prices short term. Support – 95/ 92 Resistance - 105.50/108
Recommendation
Based on the charts and explanations above our opinion is, buying Aluminium around 100 targeting 108/110 and stop loss below 95
Mcx Aluminium
38
Investment Monitor Oct, 2010
Commodity Technical
Gold Gold hit record highs, lifted by a potent mix of factors including dollar weakness, further central bank buying and speculation more stimulus measures could prove inflationary. Expectations the Federal Reserve could announce further moves to stimulate the US economy after its policy meeting has piqued interest in the precious metal as a hedge against inflation, Spot gold hit a record USD 1,283.70 an ounce .Concern over US growth has sparked talk that the Fed may signal a move towards further quantitative easing and raised expectations that interest rates will stay low, undermining the dollar and cutting the opportunity cost of holding non-interest bearing gold. A move higher to between USD 1,300-USD 1,350 could be a good target towards year-end, but it will come in steps. Confidence in the US recovery is fragile, with data showing Americans were at their most pessimistic in over a year this month as growing fears about job security and finances undermined US consumer sentiment. The pressure on the US central bank is gradually building and such a move would be supportive for gold as monetary base expands further and the dollar weakens Spot gold prices have risen by more than 16 percent this year, driven by the desire among investors for a safe store of value in light of major currencies, equities and bonds becoming increasingly volatile. Reflecting keen investor interest in bullion, the world’s largest gold exchange-traded fund, the SPDR Gold Trust, said its holdings rose another 6 tonnes.
Technical Comment-
Gold reaches near to 19300, and seen phycological profit taking, Long term outlook for gold is bullish since it holding well above 200 DMA, also short term remain bullish on above technical indicators. We remain long since 18600 support hold for target of 18400. Support 18800,18600 Resesitance 19500,20000 Short term outlook will now remain bullish as long as 1237.9 support holds and current rally should target projection of 1266. to 1292.8 next, which is close to 1300 psychological level. On the downside, however, break of 1237.9 will indicate that gold has finally finished the bull rally from 1044.5 and will turn outlook bearish for deeper fall.The break of 1266.5 indicates that long term up trend is still in progress.The general trend over short term basis is to the upside, targeting 1300.00 per ounce as far as areas of 1120.00 remain intact.
Recommendation
Based on the charts and explanations above our opinion is, buying gold around 19000 targeting 19300 and stop loss below 18800.
MCX- Gold
Investment Monitor Oct, 2010
39
Currency Fundamental
USD/INR CMP: Rs.45.30/USD Highlights
India rupee posts biggest weekly rise in over 3 months,Surges to fresh over 4-months highs on corp dlr sales & Dollar’s broad losses versus major currencies. The unit gained 1.3 percent, its best weekly rise since the week to June 20, The increased foreign investment cap is also playing a huge role in attracting refugee capital. The government increased the cap on foreign investment in government and corporate bonds by $5 billion each to $10 billion and $20 billion, respectively on Thursday 23.09.10. Foreigners have moved $4.5 billion into Indian shares this month, taking net investment so far in 2010 to $17.4 billion and helping the index gain 14.8 percent. Portfolio investments are now just shy of the record $17.5 billion inflows last year. The rupee had gained 4.7 percent on year in 2009, and is up 2.8 percent so far this year. We expect the rupee to rise to 44.30 levels if it breaches the 44.70 level next week. However, We expect some consolidation by endOctober and see the rupee heading back towards 46 levels.
because of Foreigners have moved $4.5 billion into Indian shares this month, taking net investment so far in 2010 to $17.4 billion and helping the index gain 14.8 percent & The government increased the cap on foreign investment in government and corporate bonds by $5 billion each to $10 billion and $20 billion. The Dollar Index is one of the most important global lead indicators for a lot of financial instruments including the Indian Rupee. The progress of the US DollarIndex & Usdinr from Q3, 2009 till date is represented in the following chart. From our study, we conclude that the US Dollar Index is on a powerful Mediumterm Downtrend since Q2,2010 and which has breached the low that it made in June,2010 at 80.47 levels, & Usdinr has also breached its previous closing low which it registered on june,2010 at 45.98 levels. Dollar index may appreciate to 76.50-78 level & USDINR may test 44.30/44.70 levels in next three to four weeks.
Conclusion from the Dollar Index & Usdinr Correlation Analysis It’s quite evident that there is a Strong positive correlation between the movement of Dollar Index & Usdinr.If US Dollar has resumed its downward Journey then it’s probably only a matter of time before the Usdinr touches 44-44.30 levels.
Fundamental Analysis
USDINR came out of its range in which it was trading for past ten to twelve weeks to fall by 1.35 % in the entire week from Rs.45.93 to Rs.45.25 levels. The fall was in line with our fundamental and technical expectation in past several weeks that USDINR has broken its three four months trading range to the downside, which is
40
Investment Monitor Oct, 2010
Currency Technical
USD/INR India rupee posts biggest weekly rise in over 3 months, surges to fresh over 4-months highs on corp dlr sales & Dollar’s broad losses versus major currencies. The Indian rupee posted its best weekly gain in three months on Friday 24.09.10 and rose to a four-month peak, boosted by robust foreign capital inflows into Asia’s third-largest economy on the back of strong growth prospects. The partially convertible rupee closed at 45.25/26 a dollar, after rising to a high of 45.25, its strongest since May 14, and 0.9 percent stronger than Thursday’s 45.64/65 close. The unit gained 1.3 percent on the week, its best weekly rise since the week to June 20, according to Thomson Reuters data. There were some flows in the market and the sharp euro rally along with gains in local shares, together was very positive for the rupee. Once the INR broke below 45.45, it triggered a lot of stops.The government increased the cap on foreign investment in government and corporate bonds by $5 billion each to $10 billion and $20 billion, respectively on Thursday. Foreigners have moved $4.5 billion into Indian shares this month, taking net investment so far in 2010 to $17.4 billion and helping the index gain 14.8 percent. Portfolio investments are now just shy of the record $17.5 billion inflows last year. The rupee had gained 4.7 percent on year in 2009, and is up 2.8 percent so far this year.
Support levels
Resistance Levels
Remarks
44.90
45.75
Short term outlook remains Bullish for USDINR.
44.75
45.98
No Remarks
44.40
46.20
No Remarks
Technical Comment :
Short term trend in the currency is down since 31 August peak of 47.27 levels.The pair is trading well below its 20 period SMA (46.42), 50 Period SMA (46.62) & 100 Period SMA (46.60) levels .The RSI is below 50 (22.04) levels which is heavily oversold.The MACD is below its signal line and Negative (-0.19) levels.45.45-50 levels was a very important support zone for the pair, Once the INR broke below 45.45, it triggered a lot of stops.Usdinr may continue to consolidate below 45.60-45.75 levels. On The lower side 44.90/44.75 is the intermediate Support zone for the for the pair and 45.75/90 levels will act as an crucial support zone for the pair.daily Momentum indicators are indicating USDINR pair to remain highly volatile with a negative bias
Investment Monitor Oct, 2010
41
Mutual Fund
AMC Speak SIP and Aam Adami and calculated manner to achieve the pre-stated objective. It is important to keep in mind that a government regulator, SEBI, keeps the overall monitoring authority for the benefit of such small investors. So per se, a good equity oriented Mutual funds scheme provides the gains of equity investment to an aam investor. However the Systematic Investment Plan (SIP) route to investment offers more. The SIP is a periodic (monthly or quarterly) investment of as small a sum as Rs 500/-4 in a mutual fund scheme. Much like an investing in installments. This way a small investor builds up a large capital by continuing to invest an amount he can afford. This method respects the limitations of the common man to invest in lump-sum and gives him an opportunity to invest as he earns.
A
aam adami! This hero of R.K Laxman cartoons, which symbolizes the general Indian populace, is the new global interest. Namely, what does he want, and how? If we believe the surveys, India lives in around 188 mn1 households. Out of this, 65.4%2 of the families live on an annual income of Rs 45000/- and above. Actually, 28%3 of the families in India have a family income of Rs 90000/- p.a and above. What more, the number is growing. What we want to imply is that the Indian middle class is real, huge and is growing. These average families whom we refer to, have emerged from the poverty of an older India. The stories of which still linger in the stories of grannies, nannies and parents. It is therefore natural that even in an increasing affluent society, the psychological makeup of the new homemakers will incorporate the uncertainty of future and the fear of poverty. These families are bound to ensure the stability of their current living standard while trying to improve it. But this is in the constraints of the periodic income they earn and the expenditure they must incur! To sum up, these 4 factors dominate the economic life of an aam-adami and determine his investment decision. Or stating it other way, an aam-adami’s investment must enable: security of principal, growth of returns, not hinder the monthly expenditure and acknowledge his periodic income inflow.
SIP in Equity based mutual funds schemes delivers this need. And we’ll know why? It is now an undisputable fact that long-term equity investment outperforms almost all other investment classes. The unhelpful fact is that volatility in equity asset prices in short term, deters the small and middle class investor from investing. Herein, the mutual funds help such small investors to invest in equity by acting as their proxy. Mutual Funds pool small investors savings and invest in an informed 42
The smallest possible investment amount of Rs 500 also allows him to manage his sustenance expenditure without much hassle. This way SIP allows him to budget his investment according to his income, and gives him the benefits of equity investments if he chooses to. SIP in diversified equity schemes also provides benefits like managing price volatility, averaging the cost of overall investments and compounding of returns on the periodically increasing principal amount. It is however, advisable for our ‘aam aadmi’ to know that investing is as serious a decision as buying a house; common thing being that it must be from a good company, must be well placed for future growth and must be held for a long term to reap the benefits.
Contributed by Ms. Laxmi Iyer, Head (Products) at Kotak AMC Ltd.
Investment Monitor Oct, 2010
Mutual Fund Recommended Schemes Returns (%) Scheme Name
NAV
52 Week High
52 Week Low
1 Month
1 Year
3 Years
Total AUM (Cr.)
Company s Mkt Cap (Cr.)
Birla SL Income(G)
34.87
34.87
33.19
0.60
4.66
7.85
58197
327717
Birla SL Midcap-A(G)
120.65
121.54
89.70
2.73
31.06
11.96
58197
3749826
DSPBR Equity-Reg(G)
17.76
17.84
12.73
5.09
34.13
14.79
25723
3749826
DSPBR India T.I.G.E.R-Reg(G)
52.70
52.88
39.37
5.14
24.98
5.60
25723
3749826
DWS Premier Bond-Reg(G)
16.04
16.06
14.94
0.39
6.68
8.90
7278
327717
Franklin FMCG(G)
69.75
69.75
44.29
7.25
58.99
22.13
42266
137059
Franklin India Bluechip(G)
224.88
224.88
164.62
8.21
31.96
11.55
42266
327717
HDFC Cash Mgmt-Savings(G)
19.74
19.74
18.84
0.47
4.77
6.73
92601
327717
HDFC Core & Satellite(G)
43.38
43.38
29.52
6.19
44.09
12.96
92601
327717
HDFC Equity(G)
296.68
296.68
205.16
7.26
44.05
18.13
92601
327717
HDFC MIP-STP(G)
17.03
17.03
15.56
1.28
9.61
8.12
92601
327717
HDFC Prudence(G)
219.71
219.71
157.27
4.65
38.85
17.94
92601
327717
HDFC TaxSaver(G)
249.59
249.59
174.45
6.37
40.24
13.03
92601
327717
HDFC Top 200(G)
225.00
225.00
162.80
8.23
34.15
17.80
92601
327717
HSBC Midcap Equity(G)
26.49
26.73
18.58
4.87
39.72
3.10
4773
327717
ICICI Pru Discovery(G)
51.02
51.04
34.98
5.46
40.86
20.08
68796
3749826
ICICI Pru Emerging S.T.A.R.(G)
37.31
37.56
25.73
3.87
43.78
3.17
68796
3749826
ICICI Pru FMCG(G)
69.06
69.06
46.78
7.05
47.88
14.16
68796
137059
ICICI Pru Infrastructure(G)
32.33
32.37
25.76
6.81
17.52
8.03
68796
3749826
ICICI Pru MIP 25(G)
19.27
19.27
17.42
2.03
9.13
8.15
68796
3749826
ICICI Pru Power(G)
121.94
121.94
88.04
8.75
31.87
8.01
68796
3749826
IDFC SSIF-MT(G)
16.19
16.19
14.98
0.57
7.95
9.46
19422
327717
L&T Contra(G)
11.40
11.46
8.63
4.40
19.25
-3.78
3974
3749826
L&T Midcap(G)
44.12
44.28
30.98
4.18
37.75
11.01
3974
77268
L&T Multi-Cap(G)
20.64
20.64
15.48
7.22
20.28
-0.13
3974
3749826
Reliance Banking(G)
111.45
111.87
70.01
9.70
57.01
27.35
106494
199662
Reliance Long Term Equity(G)
17.50
17.50
11.71
5.10
43.06
11.00
106494
327717
Reliance Pharma(G)
53.56
53.86
35.04
1.15
57.79
28.61
106494
61582
Reliance Reg Savings-Equity(G)
33.61
33.61
23.85
5.19
33.46
20.06
106494
327717
Sundaram BNPP Energy Opp(G)
9.02
9.13
7.56
2.67
7.53
13631
327717
Sundaram BNPP S.M.I.L.E(G)
36.96
37.21
27.56
4.06
28.60
15.37
13631
327717
Sundaram BNPP Select Midcap(G)
163.62
165.40
113.36
5.05
38.47
13.97
13631
139749
Templeton India TMA-Reg(G)
2319.12
2319.12
2227.14
0.46
4.15
6.30
42266
327717
UTI Master Value(G)
55.96
56.39
36.07
4.29
48.51
17.91
64602
327717
UTI MIS(G)
19.50
19.50
17.72
1.62
10.17
9.56
64602
327717
Investment Monitor Oct, 2010
43
Mutual Fund
How to evaluate a Pension Plan
T
here are many options available to an individual intending to plan for his retirement. Be it PPF, ULIP, NSC’s etc. Most retirement options fall into two categories,-those which promise a fixed assured return and those, like pension plans, which offer non-assured returns. There are very few retirement planning options available in mutual funds. At present, two funds, UTI Retirement Benefit Plan and Kothari Pioneer Pension plan fill the retirement mutual fund void. Both these schemes come equipped with Section 88 benefits and are therefore, on this count, at par with other retirement planning options like PPF, PF etc. Both the UTI Retirement Benefit Plan (RBP) and Kothari Pioneer Pension Plan (KPPP) allow the investor to plan for retirement, making it possible for him to receive regular income after retirement. Before an investor goes in for a retirement plan he needs to evaluate its various basic parameters:
Returns
In this case the comparison of returns vis a vis the fixed return instruments like PPF etc. is easy. The returns generated in the case of PPF is again, like Infrastructure Bonds, a fixed rate of 9.5 per cent unlike the returns of pension plans which can vary over a period of time. Also when it comes to comparing the returns between the two mutual fund options the investor must keep in mind, the track record of the scheme as well as his timing of entry. Both these factors will impact his return. However, in the case of infrastructure bonds, returns are fixed, irrespective of the time of entry. For instance Empirically, KPPP has turned in a better performance than Infrastructure Bonds so far. The fund has returned an annualised 15.20 per cent since inception as compared to a return of 9.5 per cent in the case of Infrastructure Bonds.
Lock in period
In case of fixed return instruments like PPF etc, the lock-in period is very long, with intermediate withdrawals after a certain number of years. In case of infrastructure bonds as well as pension funds the there is a 3 year lock-in period but in case of KPPP the withdrawal at the end of 3 years comes at a nominal penal charge.
Liquidity
In PPF, the liquidity is pretty low. A loan can be taken at the end of 3 years but even that is only to the extent of 25 per cent of the balance at the end of the preceding financial year. A withdrawal is permissible every year from the 7th financial year of the date of opening of the account.
Rebate Eligibility
The tax benefits under both the PPF and the pension plans is the same in terms of the section 88 benefit which makes the investor eligible for tax benefits of 20 per cent of the amount invested in the scheme. The infrastructure bonds however offer an additional advantage in terms of enhanced amount of Rs 80,000 (link) of tax benefit under section 88.
Taxability of Interest/Dividend
Returns from PPF are tax free, Interest received on infrastructure bonds qualifies for tax exemption under Section 80L. This is not the case with dividend received from pension mutual funds like KPPP. Dividend received from KPPP is subject to dividend distribution tax of 10 per cent.
Minimum Investment
A minimum amount of Rs 100 has to be invested every year to keep the account alive in PPF unlike the facility of investing in instalments of Rs 500 in case of KPPP. Also the minimum amount that can be invested in the pension plans is Rs 10,000. In the case of bonds the investor has to bring in a minimum amount of Rs 5000
Maximum Investment
The maximum amount that can be invested under PPF in a particular financial year is Rs 60,000 whereas there is no such restriction on the maximum amount that can be invested in the pension plans. No tax benefit is however given for investments made above Rs 60,000 in the case of KPPP.
Investment Instalments
In the case of KPPP the minimum cumulative sum of Rs 10,000 can be invested in instalments of Rs 500. In the case of bonds the investor has to bring in the entire minimum amount of Rs 5000 in lumpsum.
Investment Mix
A comparison on this attribute is important when choosing between any pension plan offered by a mutual fund. Normally balanced schemes are offered. However, over a period of time the portfolio may vary. For instance ULIP has essentially become a growth scheme whereas KPPP is still focussed on debt though the equity component in the scheme has gone up over a period of time.
Additional Benefits
ULIP gives an insurance cover and an accident cover along with section 88 benefit, whereas, the other instruments do not offer this.
So, the loan and the withdrawal can be taken after a specified period of time and that too with certain riders. In the case of KPPP, the entire amount is withdrawable after the expiry of three years subject to a penal charge, otherwise the investor can exit only after reaching 58 years of age. 44
Investment Monitor Oct, 2010
Mutual Fund
Fund Insider Most Popular Stocks Company
Equity Diversified Funds
Value (Rs Cr)
Shares (in Lakhs)
State Bank Of India
7219.09
261.05
Oil & Natural Gas Corpn. Ltd.
6566.61
490.63
ICICI Bank Ltd.
6502.35
665.27
Infosys Technologies Ltd.
5662.98
209.09
Reliance Industries Ltd.
5426.63
590.57
Bharti Airtel Ltd.
4531.38
Larsen & Toubro Ltd.
Change in Sector Preference
Most Preffered Sector Preffered Sector Least Preffered Sector Sector Name
Aug '10
Jul '10
%Change
Airlines
657.2
588.5
12.2
Auto Ancillary
2214.8
2155.9
4.8
1385.25
Automobiles
2552.3
1946.0
29.2
4103.28
226.41
Bank - Private
9151.0
9639.3
0.3
Tata Consultancy Services Ltd.
4008.12
475.08
Bank - Public
9524.9
9062.7
8.2
Bharat Heavy Electricals Ltd.
3385.99
140.6
Cement
2154.6
2018.9
6.1
Cigarettes/Tobacco
2121.8
2206.7
5.2
ITC Ltd.
2921.77
1795.34
Construction - Real Estate
1079.4
1058.3
6.4
Consumer Food
1575.9
1689.0
-5.6
Diversified
190.7
265.4
1.8
Electric Equipment
4253.2
4433.9
-2.7
Engineering - Construction
4539.0
5258.1
-7.0
Fertilizers
1494.1
1347.1
9.7
Finance
1973.1
2608.9
-14.7
Household & Personal Products
1653.7
1537.7
7.2
IT - Software
9800.0
10441.3
-1.6
Metal - Non Ferrous
1079.5
1294.6
-5.4
Oil Exploration
5199.2
5162.7
2.8
Pharmaceuticals
8397.6
8989.9
-3.1
Power Generation/Distribution
4160.2
4802.1
-8.7
Steel/Sponge Iron/Pig Iron
2006.2
2262.3
-2.4
Sugar
646.2
646.2
3.5
Telecommunication Service Provider
3439.0
3239.4
4.3
Textile
735.0
691.1
10.6
Entertainment
2191.0
2342.7
2.1
Printing And Publishing
1071.0
1082.1
1.6
Refineries
6601.1
6443.7
8.4
Banking: Rising Exposure SBI
PNB
ICICI Bank
HDFC Bank
Aug-10 0
500
1000
Sep-10
1500
2000
Fund Count
Fund mangers are enthusiatic about future growth prospects of the Banking Sector. Exposure is rising in both privete and public sector Banks over the months.
ABB Loosing Share No of Shares ('000s)
7000 6000 5000 4000 3000 2000 1000 0 Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Fund managers are avoiding the stock to add in their portfolios. It starts losing popularity.
Investment Monitor Oct, 2010
45
Retail Debt
IDFC - INFRASTRUCTURE BOND
Investments benefits in Infrastructure Bonds
Investment in infrastructure bonds issued by Industrial Development Finance Corporation (IDFC) would qualify for the additional Rs 20,000 deduction for individual taxpayers. The additional tax deduction would be available for investments made in such bonds in 2010-11. Simply put, an individual can invest up to Rs 20,000 in infrastructure bonds and claim a deduction of up to Rs 20,000 in addition to the existing aggregate limit of Rs 1 lakh allowed under Sections 80C, 80CCC and 80CCD of the Income Tax Act.
Following are the key features of the bond
Points to remember before investing in infrastructure bonds: Infrastructure Bonds do not offer any protection against high inflation since the rate of interest they offer is pre-determined. Against the pledging of the infrastructure Bonds with a bank, one can borrow money from banks. The amount depends on the market value of the bond and the credit quality of the instrument. Moreover, it should be noted that although Infrastructure Bonds are considered to be safe, there is no assurance of getting the full investment back.
The detailed analysis of the bond reveals that the person who is falling under the 30% tax bracket should invest in the bonds to get maximum yield on his investment. Furthermore, the sooner he will withdraw his investment, the more yield he will get.
Bond Description Options
I
II
III
IV
Non Buyback / Non Cumulative Option
Non Buyback / Cumulative Option
Buyback / Non Cumulative Option
Buyback / Cumulative Option
Min. Application / Face Value
5,000/-
5,000/-
5000/-
5,000/
In Multiples of
5,000/-
5000/-
5,000/
5000/-
Buy Back Option
No
No
Yes
Yes
Interest Payment
Annual
Cumulative
Annual
Cumulative
Coupon
8.00% per annum
8.00% per annum
7.50% per annum
7.50% per annum
Yield on Redemption
8.00%
Compounded Annually
8.00%
Compounded Annually
Maturity Amount Per Bond
5,000/-
10,800/-
5,000/-
10,310/-
Redemption Date
10 years from the Deemed Date of Allotment
10 years from the Deemed Date of Allotment
10 years from the Deemed Date of Allotment
10 years from the Deemed Date of Allotment
Buy Back Period
NA
NA
Date falling five years and one day from the Deemed Date of Allotment
Date falling five years and one day from the Deemed Date of Allotment
46
Investment Monitor Oct, 2010
Retail Debt Bonds Key Features Issuer
IDFC Limited
Issuer
Public issue of long term infrastructure bonds in the nature of secured,
Offering
redeemable, non-convertible debentures, having benefits under section 80 CCF of the Income Tax Act, of face value of Rs. 5,000 each, not exceeding Rs 34,000 mn for financial year 2010-2011 on the terms set out in the prospectus.
Type
Private Placement basis
Instrument
Unsecured, Redeemable, Non-Convertible, Taxable Bonds having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds
Rating
LAAA from ICRA
Eligible Investors
Retail Individual, HUF and Family Trust
Security
First pari passu floating charge over the Secured Assets and first fixed pari passu
Face Value
Rs. 5,000/- per bond
Issue Price
At par ( Rs. 5,000/- per bond)
Minimum Subscription
Two (2) Bonds or in multiples of one (1) Bond thereafter. For the purpose fulfilling the requirement of minimum subscription of 2 (two) Bonds, an applicant may choose to apply for 2 (two) Bonds of the same series.
Tenure
10 years, with or without buyback option after five years
Listing
Proposed to be listed on BSE & NSE
Trustee
IDBI Trusteeship Services Limited
Issuance
Demat form only
Options for Subscription
The Bonds are proposed to provide the following options•Option I - Non-cumulative and no Buyback •Option II - Cumulative and no Buyback •Option III - Non-cumulative and Buyback after 5 years •Option IV- Cumulative and Buyback after 5 years
Redemption / Maturity
At par at the end of 10th year from the deemed date of allotment.
Coupon rate
•Option I - Non-cumulative and no Buyback –8.00% •Option II - Cumulative and no Buyback –8.00% •Option III - Non-cumulative and Buyback after 5 years—7.50% •Option IV- Cumulative and Buyback after 5 years—7.50%
Depository
National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars
Karvy Computer share Private Limited
Mode of Payment
Interest payment will be made through ECS/At Par Cheques/Demand Drafts
Trading
Demat mode only following expiry of the Lock-in Period
Issue Open Date
Sept 30, 2010
Issue Close Date
October 18, 2010
Deemed Date of Allotment
The date as may be determined to be so by the Board of the Company
Tax Adjusted Yield to Investors Tax Rates (%)
Option 1 (%)
Option 2 (%)
Option 3** (%)
Option 4**(%)
30.9
13.89
12.06
17.19
15.74
20.6
11.57
10.52
13.41
12.57
10.3
9.64
9.18
10.23
9.86
Investment Monitor Oct, 2010
47
Insurance Schemes
Presenting a one-of-its-kind investment plan that is secure, accountable and transparent – All in one. Bajaj Allianz Invest Plus Premier helps you get security while ensuring peace of mind. The guaranteed investment returns give you a great maturity benefit and financial protection to your family. You can boost your returns by paying additional premiums. Securing the future of your family and yourself was never this easy. Enjoy your life with this all-in-one plan, and leave your worries to us
ments for the non-linked non-par business, including any change in future.
Key features of Bajaj Allianz Invest Plus Premier:
Death Benefit
• Guaranteed Investment Returns and minimum Guaranteed Maturity Value. • 10% of each Net Premium added as Loyalty Additions from the 11th Policy Year • Refund of a 75% of the cost of life insurance cover at maturity • Your life insurance cover continues, even if you fail to pay your regular premiums provided three years regular premiums have been paid. • Option to pay Additional Premium to enhance your savings • Choice of additional rider cover as per your requirement • Option to take loan up to 85% of the surrender value of AMV. • Option to en-cash partially the AAMV • Option to reduce the regular premium from the fourth policy year.
How does Bajaj Allianz Invest Plus Premier work?
At the inception of the policy, you can choose a sum assured of 10 times, 15 times or 20 times of the annualized regular premium. For Your policy, the Company will maintain two accounts; an Accrued Maturity Value (AMV) account for regular premiums paid and an Additional Accrued Maturity Value (AAMV) account for any additional premiums paid. From the regular premium paid by you, Life Insurance Risk Premium for the Sum Assured chosen and Additional Rider Benefits premium, if any, will be deducted upfront and 95% of the resulting Net Premium shall be added to your AMV (as and when the regular premium is received by the Company). You can pay additional premium over and above the regular premium any time (except during last three years before maturity) which shall be added to your AAMV account, after multiplying the Additional Premium paid by you with the Additional Premium Factor. The AMV and the AAMV, if any, shall be further enhanced at the rate of Guaranteed Investment Return (GIR) on a monthly basis. The Loyalty Additions at the rate of 10% of the Net Premium will further enhance your AMV from the 11th policy year, as and when the premiums are received by the Company. The fund in respect of your AMV and AAMV, if any, shall be invested in a Controlled Fund. The investment mix of the Controlled Fund shall always be in such proportion as that stipulated by the Insurance Regulatory and Development Authority’s (IRDA’s) relevant regulations on invest48
Additional Rider Benefits available
Comprehensive Accidental Protection (CAP) rider can be availed by you. The Comprehensive Accidental Protection (CAP) rider includes the benefits accidental death benefit, accidental permanent total/partial disability benefit and waiver of premium benefit. The following Death Benefit shall be payable to the Nominee on the death of the Life Assured (provided policy is in-force or in the Cover Continuance Period): i. If the age of the life assured is less than 7 years at death, an amount equal to the total life insurance risk premiums paid till date Plus the AMV Plus the AAMV, if any, as on date of receipt of intimation of death at the office of the Company ii. If the age of the life assured is 7 years or above at death, an amount equal to Sum Assured under the Policy Plus the AMV Plus the AAMV, if any, as on date of receipt of intimation of death at the office of the Company. In case of a lapsed policy, the death benefit shall be equal to the AAMV, if any, as on the date of receipt of intimation of death.
Maturity Benefit
The following maturity benefit shall be payable. • The AMV as on maturity date Plus 75% of the total life insurance risk premium paid (excluding any extra premium); subject to a minimum of the Guaranteed Maturity Value (GMV) • Plus the AAMV, if any, as on maturity date. The Guaranteed Maturity Value (GMV) shall be equal to the total regular premium paid till maturity date excluding any extra premium, rider premium & applicable service tax, and is applicable only if all the due regular premiums till maturity have been paid under the policy. In the case of a Cover Continuance policy, the maturity benefit shall be AMV as on maturity date Plus 75% of the total life insurance risk premium paid till the due date of first unpaid regular premium (excluding any extra premium) Plus the AAMV, if any, as on maturity date.
Surrender
Your policy shall acquire surrender value only after payment of three years regular premium in full and you may surrender the policy only after three policy years. The Surrender Value shall be equal to the AMV less applicable Premium Discontinuance Penalty, Plus the AAMV, if any, less applicable Surrender Penalty, and subject to application of Market Value Adjustment (MVA), if any.
Guaranteed Investment Return
The Company will declare a Guaranteed Investment Return for a year at the start of each financial year based on the performance of
Investment Monitor Oct, 2010
Insurance Schemes the fund in the previous financial year, and based on the expected returns on the exiting investments in the coming financial year along with the likely return on future premiums on the basis of the prevailing investment conditions. The Guaranteed Investment Return shall be used to enhance the AMV and the AAMV, if any, on a monthly basis at the end of each calendar month. For any cash flow taking place during the month, the GIR for that cash flow shall be calculated and credited for the fraction of the month through-out the policy term. On death, full surrender or maturity, the AMV & AAMV will be credited with GIR proportionately for the elapsed period from the last month.
The Guaranteed Investment Return declared by the Company for the Financial Year 2010-11 is 7.05%. Loyalty Addition
If the regular premium has been paid in full for the first 10 policy years, then from the 11th policy year till the end of the policy term, the Company will add Loyalty Addition to the AMV equal to the 10% of each subsequent net premium, on receipt of each regular premium by the Company.
Option to Reduce the Regular Premium
You can reduce your regular premium unlimited number of times after three policy years by giving a written notice at least 30 days prior to a policy anniversary, provided you have paid all due regular premiums till date. Such reduction in regular premium shall be
• If at least three full years regular premium has been paid and subsequent premiums are not paid, any Additional Rider Benefit under the policy will immediately lapse but the life insurance cover under the base policy will continue. • The Life Insurance Cover available under the policy will continue, by deduction of the due life insurance risk premium (including applicable service tax) at each premium frequency from the AMV; provided the AMV less amount of PDP as on the date of deduction is sufficient to deduct the due life insurance risk premiums (including applicable service tax). The remaining AMV and the AAMV, if any, shall continue to be enhanced by the GIR. • If at any time during the term of the policy the AMV less amount of PDP as on the date of deduction is insufficient to deduct the due life insurance risk premium (including applicable service tax), the policy will be terminated and any surrender value as on the date of termination shall be paid to the policyholder.
Lapsed Policy
• If you fail to make payment of due regular premium in the first 3 policy years, the policy will lapse for all life insurance cover including rider cover and no benefit in respect of the AMV shall be payable. However, surrender value as on the date of termination in respect of AAMV, if any, shall be payable on the termination of the policy after expiry of the revival period of two (2) years. No GIR shall be credited to the AMV during the lapsed period. However, the AAMV, if any, shall continue to receive the GIR credit. • In case of earlier death of the life assured under a lapsed policy, the AAMV, if any, as on date of intimation of death, shall be payable.
Minimum Age at Entry
0 years (18 years in case of all Additional Rider Benefits)
Maximum Age at Entry
60 years (50 years in case of all Additional Rider Benefits)
Minimum Maturity Age
18 years
Maximum Maturity Age
75 years (65 years in case of all Additional Rider Benefits)
Additional Rider Benefit Ceasing Age
65 Years
Regular Premium
25000
25000
25000
Policy Term
15, 20 and 25 years
Sum Assured
250000
250000
250000
Minimum Premium
Rs. 5,000 per yearly installment,
Maturity Benefit at a Gross Return of 6 %
478078
714986
999385
Maturity Benefit at a Gross Return of 10%
654316
1102220
1751822
Rs. 2,500 per half-yearly installment, Rs. 1,250 per quarterly installment Rs. 500 per monthly installment (Monthly mode is available through ECS and Salary Saving Scheme Only) subject to the minimum regular premium payable under the plan at the time of such reduction and further the revised regular premium shall not be less than the prevailing life insurance risk premium and the rider premium, if any, including any extra premium, payable under the policy. Any reduction in regular premium shall not result in any reduction of sum assured. The reduction in regular premium shall be effected from the policy anniversary.
Important Details of “Bajaj Allianz Invest Plus Premier’’ Plan Cover Continuance Policy
Revival / Reinstatement
• A policy, which is lapsed or in cover continuance due to nonpayAge
30
30
30
Maturity Age
45
50
55
Policy Term
15
20
25
ment of regular premium, may be revived within 2 years from the due date of the first unpaid regular premium and before the maturity date, provided the policy as not been terminated due to inadequacy of AMV to support the deduction of life insurance risk premium, subject to payment of all due regular premium as on the date of application of revival and production of satisfactory evidence of health of the Life Assured at the cost of the Policyholder. • On reinstatement of lapsed policy, the AMV as existed on the date of first unpaid regular premium shall be reinstated.
Sample Illustration*
* This is an indicative projection on the basis of prescribed growth rate by the regulator and is exclusive of Service Tax. Termination of the Policy This Policy shall automatically terminate on the earlier occurrence of either of the following events:
Investment Monitor Oct, 2010
49
Insurance Schemes
FUTURE GENERALI MEDICLAIM POLICY Products ●● ●●
Exclusions
Future Health Suraksha - Individual Future Accident Suraksha
Future Health Suraksha – Individual Plan
Your health is your most important asset. And with Future Health Suraksha, we ensure that you will never have to go too far to protect it. Our network of hospitals across the nation will handle any medical problem that arises. It’s our way of protecting you even against the unpredictable.
Benefits
Cashless settlement Innovative covers offered Quick settlement of claims Renewal discount Cumulative bonus
Details
Eligibility
Age eligibility - age 90 days to 45 years. A child’s entry will only be eligible if the child is over 90 days of age and the parents are concurrently insured with Future Generally.
Sum assured eligibility
No pre-acceptance medical tests up to age 45 years irrespective of sum insured, if the proposal form is clean.
Details of the coverage
With Health Suraksha, the member has access to cashless facility at our empanelled hospitals across India Pre and post hospitalisation expenses incurred from 60 days prior up to 90 days after hospitalisation Ambulance charges Day-care procedures Hospital cash Pre-existing disease covered after four years of consecutive renewal Free medical check-up Accompanying person expenses up to Rs. 500 per day Additional accidental hospitalisation limit enhanced by 25% of balance sum insured, subject to a maximum of Rs. 1 lakh * Benefits may vary from plan to plan.
Other benefits
*Renewal Discount of 5% on the renewal premium applicable on the date of renewal, for each claim-free year by the insured, up to a period of five years. At the end of the fifth year, subject to no claim, cumulative bonus of 10% on the basic sum insured will be provided up to a maximum of 50% of the sum insured.
Tax benefit
Premium paid by any mode other than cash is eligible for tax relief as provided under Section 80-D of the Income Tax Act.
50
Any condition, ailment, injury or related condition(s) for which you have been diagnosed, received medical treatment, had signs and / or symptoms, prior to the inception of your first policy until 48 months from the date of inception. Any disease contracted during the first 30 days from the commencement of the policy Diseases like cataract, hernia and tumour shall be covered after a waiting period of two years Diseases / surgeries like gallstones, renal stones shall be covered after a waiting period of one year Non-allopathic treatment Congenital diseases All expenses related to AIDS and related diseases Joint replacement surgery shall be covered after a waiting period of three years, unless required due to an accident Use of intoxicating drugs or alcohol
The geographical zones for specific plans as mentioned above are PLANS
ZONE WISE CLASSIFICATION
BASIC
Zone C (Other Cities) Excluding Zone A & Zone B
SILVER
Zone B (Chennai, Kolkatta, Ahmedabad, Hyderabad & Bangalore)
GOLD
Zone A (Mumbai & Delhi)
PLATINUM
Across India (Zone A + Zone B + Zone C)
based on the location of the hospital where treatment is received and not the residence of the insured. The Basic Plan is for those who have paid the premium for the Zone C region, i.e. all India excluding Zone A and Zone B. In case the insured is treated in a hospital that falls under Zone A or Zone B, the payment will be as per our claim payment annexure. The Silver Plan is for those who have paid the premium for the Zone B region which comprises Chennai, Kolkata, Bangalore and Hyderabad. In case the insured is treated in Zone A or Zone C the payment will be as per our claim payment annexure. The Gold Plan is for those who have paid the premium for the Zone A region which comprises Mumbai including Thane and Panvel, and Delhi including NCR (National Capital Region). The Platinum Plan covers Basic covers with no restrictions and includes additional benefits. This cover is available for sum insured of 6 lakhs and above. * Internal Sublimits for Room, Board & Nursing Expenses /Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialists Fee /Anaesthesia, Blood, Oxygen, Operation Theatre Charges etc., will not be applicable for Sums insured of Rs 2 lakhs and above under All Plans.
Claim Payment Annexure
*The percentage of claim amount shown in the above table is with respect to the eligible claim amount. The condition of co-payments applicable depending upon the geo-
Investment Monitor Oct, 2010
Insurance Schemes graphic location (Zones) where the treatment has been taken has Benefit Plan
Zone A
Zone B
Zone C
Platinum Plan
100%*
100%*
100%*
Gold Plan
100%*
100%*
100%*
Silver Plan
80%*
100%*
100%*
Basic Plan
70%*
80%*
100%*
been relaxed for some major illnesses. Acute Myocardial infarction Major Accidents requiring immediate hospitalization and treatment Acute Cerebrovascular Accident Third degree burns.
TPA (Third Party Administrator)
If you are suffering from an illness / disease or if you meet with an accident which requires hospitalisation, please contact MDIndia Healthcare Services (TPA) Pvt. Ltd. immediately. This service provider has been appointed by us to service your health policy. It is advisable to receive treatment in a hospital that belongs to the network and undergo cashless access, which can be availed of at these hospitals on producing a MDIndia Healthcare Services Health ID Card along with a photo identification proof. If cashless access cannot be used, pay the hospitalisation expenses and submit the bills to MDIndia Healthcare Services (TPA) Pvt. Ltd. for reimbursement. MDIndia Healthcare Services (TPA) Pvt. Ltd. has a network of over 3,000 hospitals across India and receives new additions to the network daily.
PERSONAL ACCIDENT (FUTURE SURAKSHA)
With Future Accident Suraksha - We’ll take care of any financial consequences that an unforeseen event might incur. So go on and live a life without worries. After all, when you’re insured even against the unforeseen, peace of mind comes easy.
What is Accident Suraksha Policy?
An Accident Suraksha Policy is a policy which covers the insured against bodily injury or death caused due to accidents.
Age eligibility
An individual of age 18 to 65 years can opt for this policy . In case of Family Self , Spouse and dependent children of age 5 yrs to max 25 yrs can be covered.
Sum insured Eligibility
•Sum insured is based on the monthly income .The maximum sum insured that can be availed is up to 25 lakhs. The sum insured for the Proposer shall be the highest among the family •The maximum sum insured for non-working spouse is 50% of Proposer sum insured subject to maximum of Rs10 lakhs •The maximum sum insured for dependent children is 25% of sum insured of Proposer subject to maximum of Rs 5lakhs Extra Benefits •10% Family discount can be given if cover is opted for family members •No claim Bonus to be provided to each insured in case of claim free year subject to maximum of 25% •Inbuilt Terrorism Cover The policy does not cover Person working in underground mines, in explosive magazines or in electrical installations with high-tension supply Or jockey, circus personnel, engaged in racing in wheels or horseback, big game hunting, mountaineering, winter sports, skiing, ice-hockey, river rafting, polo or in a similar activity or occupation , Military, paramilitary and police personnel , Aviation crew and pilots. Main exclusions •Any existing disablement prior to the inception of the policy •Suicide, attempted suicide •Serving in military, armed forces •Under the influence of drugs, alcohol and other Intoxicants •Participation in felony, riots, war, etc. •Exposure to nuclear, radioactive materials
How do I submit my claim?
Primary covers Accidental Death * (AD ) Permanent Total Disability (PTD) Permanent Partial Disability(PPD ) *Death is a mandatory cover
Additional Covers
for a personal attendance of an immediate family member. The maximum amount payable for this cover shall be limited to 10% of the Sum Insured (under Death cover) subject to maximum Rs.50, 000/-. •Hospital Cash Allowance – In case of an admissible claim under any of the primary covers, the policy pays Rs 1200/- for each completed day of hospitalization for a maximum period of 30 days .
In case of payment of additional premium, the following additional benefits can be availed •Adaptation Allowance - The policy covers expenses towards modification of vehicle or some changes in house necessitated by Permanent Total Disability up to a limit of 10% of the Sum Insured ( under Death cover )subject to a maximum of Rs.50, 000 ( this can be opted only if Permanent total disability cover is taken ) •Family Transportation Allowance – In case of an admissible claim under any of the Primary covers (AD /PTD / PPD) the policy covers expenses incurred for the transportation by a common carrier of an immediate family member to the place of hospitalization, provided the place of hospitalization is outside 100 kms of the insured’s normal place of residence and the attending doctor has recommended
If you meet with an accident and injure any part of your body that may result in a claim, you or someone claiming on your behalf must inform us in writing immediately and in any event within 14 days. Incase of death due to accident, the same must be informed to us in writing immediately and send us a copy of the post mortem report within 14 days. Email ID: care@futuregenerali.in Care Line numbers: 1800 220 233 (for MTNL / BSNL subscribers) and 1860 500 3333 (for any other service provider). In case the insured is hospitalised, kindly collect all the hospitalisation documents at the time of discharge. Submit the claim documents to Future Generali office for claim processing within seven days after the conclusion of the treatment.
Who is entitled to get the payment?
The payment will be made to you or your nominee. If there is no nominee and you are incapacitated or deceased, we will pay your heir, executor or validly appointed legal representative and any payment we make in this way will be a complete and final discharge.
Investment Monitor Oct, 2010
51
Investor Education
How To Prepare For Rising Interest Rates
When interest rates hover near historic lows for extended periods of time, it becomes easy to forget that what goes down will eventually come back up. However, rates will generally begin to rise as an economy rebounds. When this happens, both short- and long-term fixed-income investors who are caught unprepared may miss out on an easy opportunity to increase their monthly incomes. Therefore, now is the time to begin preparing for this shift in the interest rate environment. This article explores some of the basic, time-tested strategies that any investor or trader can use to profit in a rising interest rate environment.
Effects of an Increase
When the Central Bank increases the funds rate, it does not have an immediate impact on the stock market. Instead, the increased funds rate has a single direct effect - it becomes more expensive for banks to borrow money from the Central Bank. However, increases in the discount rate also cause a ripple effect, and factors that influence both individuals and businesses are affected. The first indirect effect of an increased funds rate is that banks increase the rates that they charge their customers to borrow money. Individuals are affected through increases to credit card and mortgage interest rates, especially if they carry available interest rate. This has the effect of decreasing the amount of money consumers can spend. After all, people still have to pay the bills, and when those bills become more expensive, households are left with less disposable income. This means that people will spend less discretionary money, which will affect businesses’ top and bottom lines. Therefore, businesses are also indirectly affected by an increase in the funds rate as a result of the actions of individual consumers. But businesses are affected in a more direct way as well. They, too, borrow money from banks to run and expand their operations. When the banks make borrowing more expensive, companies might not borrow as much and will pay a higher rate of interest on their loans. Less business spending can slow down the growth of a company, resulting in decreases in profit.
Look to Stocks
Not all strategies that profit from rising rates pertain to fixed-income securities. Investors looking to cash in when rates should consider purchasing stocks of major consumers of raw materials. The price of raw materials often remains stable or declines when rates rise. The companies using these materials to produce a finished good or simply in their day-to-day operations - will see a corresponding increase in their profit margins as their costs drop. For this reason, these companies are generally viewed as a hedge against inflation. Rising interest rates are also good news for the real estate sector, so companies that profit from homebuilding and construction may 52
be good plays as well. Poultry and beef producers may also see an increase in demand when rates rise, due to increased consumer spending and lower costs. Luckily, those who do want to hedge their investments against interest rate risk have many products to choose from. These will be examined in turn below.
Investment Products Forwards
A forward contract is the most basic interest rate management product. The idea is simple, and many other products discussed in this article are based on this idea of an agreement today for an exchange of something at a specific future date.
Futures
A futures contract is similar to a forward, but provides the counterparties with less risk than a forward contract, namely a lessening of default and liquidity risk, due to the inclusion of an intermediary.
Swaps
Just like it sounds, a swap is an exchange. More specifically, an interest rate swap looks a lot like a combination of FRAs and involves an agreement between counterparties to exchange sets of future cash flows. The most common type of interest rate swap is a plain vanilla swap, which involves one party paying a fixed interest rate and receiving a floating rate and the other party paying a floating rate and receiving a fixed rate.
Options
Interest rate management options are option contracts whose underlying security is a debt obligation. These instruments are useful in protecting the parties involved in a floating rate loan, such as adjustable-rate mortgages (ARMs). A grouping of interest rate calls is referred to as an interest rate cap; a combination of interest rate puts is referred to as an interest rate floor. In general, a cap is like a call and a floor is like a put.
Swaptions
A swaption, or swap option, is simply an option to enter into a swap.
Embedded options
Many investors encounter interest management derivative instruments via embedded options. If you have ever bought a bond with a call provision, you too are in the club. The issuer of your callable bond is insuring that if interest rates decline, they can call in your bond and issue new bonds with a lower coupon.
Investment Monitor Oct, 2010
Investor Education Caps
A cap, also called a ceiling, is a call option on an interest rate. An example of its application would be a borrower going long, or paying a premium to buy a cap and receiving cash payments from the cap seller (the short) when the reference interest rate exceeds the strike rate of the cap. The payments are designed to offset interest rate increases on a floating-rate loan. If the actual interest rate exceeds the strike rate, the seller pays the difference between the strike and the interest rate multiplied by the notional principal. This option will “cap”, or place an upper limit, on the interest expense of the holder. The interest rate cap is actually a series of component options, or “caplets,” that exist for each period the cap agreement is in existence. A caplet is designed to provide a hedge against a rise in the benchmark interest rate, such as the London Interbank Offered Rate (LIBOR), for a stated period.
Floors
Just as a put option is considered the mirror image of a call option, the floor is the mirror image of the cap. The interest rate floor, like the cap, is actually a series of component options, except that they are put options and the series components are referred to as “floorlets”. Whoever is long the floor is paid upon maturity of the floorlets if the reference rate is below the strike price of the floor. A lender uses this to protect against falling rates on an outstanding floating-rate loan.
Collars
A protective collar can also be used in the management of interest rate risk. Collaring is accomplished by simultaneously buying a cap and selling a floor (or vice versa), just like a collar protects an investor who is long a stock. A zero cost collar can also be established in order to lower the cost of hedging, but this lessens the potential profit that would be enjoyed by a movement in interest rates in your favor, as you have placed a ceiling on your potential profit.
Get Your Ladder Ready
Of course, the most common strategy that financial planners and investment advisors recommend to clients is the bond ladder. A bond ladder is a series of bonds that mature at regular intervals, such as every three, six, nine or 12 months. As rates rise, each of these bonds is then reinvested at the new, higher rate. The same process works for CD laddering.
The following example illustrates this process:
Manoj has Rs.300,000 in a money market earning less than 1% interest. His broker advises him that interest rates are probably going to start rising sometime in the next few months. He decides to move Rs.250,000 of his money market portfolio into five separate Rs.50,000 CDs that mature every 90 days starting in three months. Every 90 days, Manoj reinvests the maturing CD into another CD paying a higher rate. He may invest each CD into another of the same maturity, or he may stagger the maturities according to his need for cash flow or liquidity.
Beware of Inflation Hedges
Tangible assets like gold and other precious metals tend to do well when rates are low and inflation is high. Unfortunately, investments that hedge against inflation tend to perform poorly when
interest rates begin to rise simply because rising rates curb inflation. The prices of other natural resources such as oil may also take a hit in a high-interest environment. This is bad news for those who invest directly in them. Investors should consider re-allocating at least a portion of their holdings in these instruments and investing in stocks of companies that consume them instead.
Don’t Forget the Dollar
Those who invest in foreign currencies may want to consider beefing up their holdings in good old Uncle Sam. When interest rates start to rise, the dollar usually gains momentum against other currencies because higher rates attracts foreign capital to investment instruments that are denominated in dollars, such as T-bills, notes and bonds.
Reduce Your Risk
Rising interest rates mean that more conservative instruments will begin paying higher rates as well. Furthermore, the prices of highyield offerings (such as junk bonds) will tend to drop more sharply than those of government or municipal issues when rates increase. Therefore, the risks of high-yield instruments may eventually outweigh their superior yields when compared to low-risk alternatives.
Why Interest Rate Risk Should Not Be Ignored
As with any risk management assessment, there is always the option to do nothing, and that is what many people do. However, in circumstances of unpredictability, sometimes not hedging is disastrous. Yes, there is a cost to hedging, but what is the cost of a major move in the wrong direction? One need only look to Orange County, California, in 1994 to see evidence of the pitfalls of ignoring the daunting threat of interest rate risk. In a nutshell, County Treasurer Robert Citron borrowed money at lower short-term rates and lent money at higher longterm rates. The strategy was great - short-term rates fell and the normal yield curve was maintained - but, when the curve began to turn and approach inverted yield curve status, things got ugly. Losses to Orange County and the almost 200 public entities for which Citron managed money were estimated at $1.6 billion and resulted in the bankruptcy of the municipality - a hefty price to pay for ignoring interest rate risk.
Refinance Now
Just as it is wise to keep your fixed-income portfolio liquid, it is also prudent to lock in your mortgage at current rates before they rise. If you are eligible to refinance your house, this is probably the time to do so. Get your credit score in shape, pay off those small debts and visit your bank or loan officer. Locking in a mortgage at 5% and then reaping an average yield of 6.5% on your bond ladder is a low-risk path to sure profits. Locking in low rates on other long-term debt such as your car loan is also a good idea.
The Bottom Line
History dictates that interest rates will not stay low forever, but the speed at which rates rise and how far up they climb is difficult to predict. Those who pay no attention to interest rates can miss out on valuable opportunities to profit in a rising rate environment. There are several ways that investors can cash in on rising rates, such as buying stocks of companies that consume raw materials, laddering their CD or bond portfolios, strengthening their positions in the dollar and refinancing their homes. For more information on how to profit from rising interest rates, consult your financial advisor.
Investment Monitor Oct, 2010
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Astro Market
Planetary Movement in the Month of October Sun will remain in Virgo till 17th Oct. and then enter into Retrograde Jupiter is in Pisces and remained there for the whole month. Libra and remained there for rest of the month. New Moon will occur on 7th Oct., while Full Moon will occur Venus is in Libra and remain there for whole month. It will become retrograde on 8th Oct. on 23rd Oct. Mars will enter into Sagittarius from Libra on 19th Oct. and Saturn remain in Virgo during the whole month. will remain there remaining month. Retrograde Rahu & Retrograde Ketu will remain in Sagittarius & Gemini respectively, during the whole month. Mercury is in Virgo and will enter Libra on 17th Oct.
Chart during New Moon – 7th October 2010
Chart during Full Moon – 23rd October 2010
e
During the month retrograde Jupiter in Pisces aspects fully on Saturn. Sun will leave Saturn in Virgo and enter Libra, causing buying interest in the market. Entry of Mars in Sagittarius is expected to bring some profit booking in the market.
Sectorwise Outlook Auto: The sector is likely to remain volatile with profit booking during later part of the month.
Reality: The sector is likely to witness volatility with upside bias.
Bank: The sector is likely to remain volatile with upside bias.
FMCG: The sector is likely to remain range bound and may see buying momentum during the later part of the month.
Metal: The sector is likely to witness profit booking during the later part of the month. Oil & Gas: The sector is likely to remain range bound.
Pharma: The sector is likely to see buying momentum during the later part of the month. IT: The sector is likely to remain volatile.
Power: The sector is looking range bound and profit taking may be witnessed at higher levels. 54
Investment Monitor Oct, 2010
Query Time
Query Time 4. I have purchased 1500 shares of Patels Airtemp (India) at Rs 115. Please advise to hold or sell? Puja Mehta, Bokaro
1.I bought Vardhaman textile at Rs 295. What do you suggest should I hold this stock for long time or sell this stock? Abhideep Sehgal, Delhi A. VTL- NSE Code with a face value of Rs 10 is currently trading at Rs 302 with a 52 week high/low of Rs 346.95/122.40. VTL is one of the leading players in the textile sector. It has 24 manufacturing facilities in 5 states across India and this includes over 8,00,000 splindles,65 tonnes per day of yarn and fibre dyeing, 900 shuttless looms,90 mn metres per annum processed fabric, 33 tonnes per day sewing thread. On the financial front, the company has witnessed better growth in topline and bottom-line. At the CMP the stock trades at a P/E of 7.28x on it TTM Eps. Overall, the company has good fundamentals. So we are bullish on this stock. We suggest hold for this stock. 2. I have Punj Lloyd at Rs 110 in July after a major fall down. Should I hold this stock? Deepak Parikh, Jaipur A. PUNJLLOYD - NSE Code with a face value of Rs 2 is currently trading at Rs 132 with a 52 week high/low of Rs 298.80/104.60. Punjlloyd is an Indian engineering & Construction major catering to the hydrocarbons and civil constructions across India, Asia, and the Middle East. Its services include laying pipelines, building roads, constructing, refineries and other infrastructure facilities. The stock you bought at Rs 110 is its fair value and it’s a good buying so you can hold this stock till its 2QFY’11 results for atleast 50% upside from your buying price.
A. PATELS AIRTEMP - BSE Code with a face value of Rs 10 is currently trading at Rs 97.45 with a 52 week high/low of Rs 132/57 and trading at 14 percent discount to your acquisition cost. Operating out of Gujarat, the company is engaged in the manufacturing of engineering components and products. Its products include heat exchangers, air cooled heat exchangers, columns and pressure vessels, and refrigeration & air-conditioning equipment and they contribute 25 % each to the total sales. On the financial front, the company posted a growth of 8% for 1QFY11 on a YoY basis and was Rs 16.57 cr as against 15 cr for 1QFY10. The bottom-line witnessed a growth of 12% for 1QFY11 on a YoY basis and was Rs 1.76 cr as against 1.57 cr for qQfy10. The company has a dividend yield of 2.15 and EV/EBITDA was 3.61x. We recommend holding this stock for long term. 5. I have purchased UFLEX at 150 shares of Uflex at Rs 200. Please advise to hold or sell? Rohit Sharma, Kolkata A. UFLEX – NSE code with a face value of Rs 10 is currently trading at Rs 208.60 with a 52 week high/low of Rs 214.20/82.50 trading at a premium of 6% and it is near its 52 week high. Uflex the flagship company of the Flex group is an India-based flexible packaging company. The flexible packaging business consists of multi-layer laminated rolls of plastics, paper, cloth or metal foils that are used separately or in combination for various packaging applications. The company is currently trading at a P/E of 6.1 to its annualized EPS of 31.23. The company has very good fundamentals. But the company was seeing buy at Rs 160 level. You had bought this share a very high premium. The stock can break its 52 week high in coming days. So I advise you to exit at that point of time and reenter this stock at low price for longer term.
3. I have purchased Bharti Airtel at Rs 320 for short term. Should I hold at this level or exit? Rohan Mishra, Gurgaon A. BHARTIARTL - NSE Code with a face value of Rs 5 is currently trading at Rs 367 with a 52 week high/low of Rs 485/252.Bharti Airtel is a leading player in telecom sector. The company has recently introduced itself in Mobile phones segment which has a related diversification has shown some great response. The stock is currently trading at Rs 367 which is trading at 15 % premium to your acquisition. At current level we recommend to book your profits and exit.
Readers are requested to send one query at a time so that more number of investors can be given a chance. ______________________ Send in your queries RR Information & Investment Research (P) Ltd. 47, Rani Jhansi Marg, New Delhi -110055 Email: monitor@rrfcl.com
Investment Monitor Oct, 2010
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Mailbox Mutual Fund Analysis.
This time MF analysis is really good. For an investor like me it’s very difficult to choose which type of fund as we are a novice in this field. But after reading your MF products and its NAV calculation I realize that it’s also a good instrument for investment because its diversified across sectors. Thanks for such initiative and expect the same in future also. Naresh, Uttaranchal
Stocks & Technicals.
I am a regular reader of your magazine and always focused on your market call. What a superb call. I am really impressed and thankful for such advise. You have given to buy Ranbaxy, Mphasis, Archies, Brigade Group all has achieved its target. I have purchased Ranbaxy and Archies both has given me superb gains. Thanks for such tips . Pankaj, Patna
Market Commentary
I am a regular subscriber of investment monitor. Every time I read market commentary article I gain some new things. I didn’t know that why our market moves up, but after reading this article I got to know various reasons. Please provide this type of input in near term also. Thank you Amit , Delhi
Commodity Technical Analysis.
I am a regular reader of your magazine. I always follow your advice. The tips you provide i.e. both fundamental and technical is really superb. I am very skeptical for the market and thus require such type of advice in near term. I want to know should I purchase Gold at this level or not. Please provide me this information at your next issue. Thank you so much for such initiative. Wish you all the best for your magazine. Ajay , Noida
Data Monitor
The cover story – “Rising Private Equity Investments In India”. I am a regular reader of your magazine. I was not aware of what actually is Private equity firm. But after reading this article I got to know what it actually is! There are many PSU sick units whose operations are dead for them and that’s why we are seeing so much of PE investments in India. Please provide such type of articles in near term also. Thank you so much for that. 56
I am a regular reader of your magazine. The data given in stock monitor gives the insight of the companies sector wise. I always make comparison of some stocks from your database. Its really a useful tool if you want to know what is happening to this company financially. Thank you so much for such database you provide. It helped me a lot. Subash, Ranchi
Industry analysis
I am a regular reader of your magazine. Your analysis on banking sector is really impressive. Bank Nifty has reached to a level of 12000 from 10000 levels recently. I was really skeptical should I invest in banking sector or not? But after analyzing the banking sector through your article I found out that’s its really a good time to invest in this sector and has given me some good returns. I assume that such type of initiative will continue in future also. Thanks for such articles. Gautam, Delhi
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Investment Monitor Oct, 2010